Martin John White Sells 15,565 Shares of Endeavour Mining (TSE:EDV) Stock

Endeavour Mining Corp. (TSE:EDV) insider Martin John White sold 15,565 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the sale, the insider owned 11,000 shares of the company’s stock, valued at approximately C$401,720. The trade was a 58.59% decrease in their ownership of the stock.

Endeavour Mining Trading Up 4.0%

EDV opened at C$71.18 on Friday. Endeavour Mining Corp. has a 12 month low of C$25.07 and a 12 month high of C$72.30. The business’s 50-day moving average price is C$61.04 and its 200-day moving average price is C$51.94. The company has a market cap of C$17.14 billion, a P/E ratio of 35.95 and a beta of 0.94.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%.The business had revenue of C$1.27 billion for the quarter. Equities research analysts forecast that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current fiscal year.

Endeavour Mining Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 23rd were paid a $0.62 dividend. This represents a dividend yield of 116.0%. The ex-dividend date of this dividend was Friday, September 26th. Endeavour Mining’s payout ratio is presently 60.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EDV shares. National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the company an “outperform” rating in a research report on Monday, December 8th. Berenberg Bank boosted their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Mining has an average rating of “Buy” and a consensus target price of C$38.80.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.