Insider Selling: Endeavour Mining (TSE:EDV) Insider Sells 20,000 Shares of Stock

Endeavour Mining Corp. (TSE:EDVGet Free Report) insider Pascal Bernasconi sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$49.51, for a total value of C$990,200.00. Following the completion of the sale, the insider directly owned 14,168 shares in the company, valued at approximately C$701,457.68. The trade was a 58.53% decrease in their position.

Endeavour Mining Price Performance

Shares of TSE:EDV traded down C$6.60 on Friday, hitting C$82.96. The company’s stock had a trading volume of 366,559 shares, compared to its average volume of 677,698. The company has a 50-day simple moving average of C$83.87 and a 200 day simple moving average of C$75.95. Endeavour Mining Corp. has a 1 year low of C$37.61 and a 1 year high of C$98.71. The company has a market capitalization of C$20.02 billion, a PE ratio of 23.84 and a beta of 1.55.

Endeavour Mining (TSE:EDVGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported C$2.13 earnings per share for the quarter. Endeavour Mining had a return on equity of 27.75% and a net margin of 18.88%.The firm had revenue of C$1.88 billion for the quarter. On average, equities research analysts expect that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group raised their price target on Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. TD raised their price target on Endeavour Mining from C$94.00 to C$105.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, National Bank Financial raised their price target on Endeavour Mining from C$115.00 to C$116.00 and gave the company an “outperform” rating in a report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$99.50.

Check Out Our Latest Analysis on EDV

About Endeavour Mining

(Get Free Report)

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.

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