Endeavour Mining Corp. (TSE:EDV) Given Average Rating of “Buy” by Brokerages

Endeavour Mining Corp. (TSE:EDV) has been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$58.00.

Several analysts recently issued reports on EDV shares. Berenberg Bank boosted their price objective on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Jefferies Financial Group lifted their price target on shares of Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday. Finally, National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the stock an “outperform” rating in a report on Monday, December 8th.

Insider Transactions at Endeavour Mining

In related news, insider Yousriya Loza sold 156,700 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the completion of the transaction, the insider directly owned 35,370,954 shares in the company, valued at C$2,605,070,762.10. This trade represents a 0.44% decrease in their position. Also, insider La Mancha Investments S.À R.L. sold 156,700 shares of Endeavour Mining stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of C$73.65, for a total value of C$11,540,955.00. Following the completion of the transaction, the insider directly owned 35,370,954 shares of the company’s stock, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their ownership of the stock. Insiders have sold 704,074 shares of company stock valued at $49,986,913 over the last three months. 19.11% of the stock is currently owned by company insiders.

Endeavour Mining Stock Performance

EDV opened at C$80.41 on Friday. The stock has a market capitalization of C$19.35 billion, a PE ratio of 40.61 and a beta of 1.04. Endeavour Mining has a one year low of C$27.20 and a one year high of C$81.23. The business’s 50 day moving average price is C$68.54 and its 200 day moving average price is C$57.22.

Endeavour Mining (TSE:EDV) last posted its 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 company had revenue of C$1.27 billion during the quarter. As a group, equities research analysts forecast that Endeavour Mining will post 4.4476987 earnings per share for the current fiscal year.

About Endeavour Mining

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.