Endeavour Mining (TSE:EDV) Sets New 52-Week High – Time to Buy?

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$94.69 and last traded at C$94.43, with a volume of 243130 shares trading hands. The stock had previously closed at C$91.29.

Wall Street Analysts Forecast Growth

EDV has been the topic of a number of research analyst reports. National Bank Financial lifted their price target on shares of Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group raised their target price on shares of Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday, January 19th. Finally, Berenberg Bank boosted their price target on Endeavour Mining from C$79.00 to C$85.00 in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$76.75.

Endeavour Mining Price Performance

The stock has a market capitalization of C$22.54 billion, a price-to-earnings ratio of 47.28 and a beta of 1.04. The stock has a 50-day moving average of C$77.78 and a 200 day moving average of C$63.97.

Insider Buying and Selling at Endeavour Mining

In other Endeavour Mining news, insider La Mancha Capital Management Gp sold 156,700 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the completion of the sale, the insider owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. The trade was a 0.44% decrease in their position. Also, insider Martin John White sold 15,565 shares of Endeavour Mining stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total value of C$568,433.80. Following the sale, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$401,720. This trade represents a 58.59% decrease in their ownership of the stock. Insiders sold a total of 704,074 shares of company stock valued at $49,986,913 in the last three months. Insiders own 19.11% of the company’s stock.

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.