Endeavour Mining (TSE:EDV) Insider Sells C$11,540,955.00 in Stock

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Investments S.À R.L. sold 156,700 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 35,370,954 shares of the company’s stock, valued at approximately C$2,605,070,762.10. The trade was a 0.44% decrease in their position.

La Mancha Investments S.À R.L. also recently made the following trade(s):

• On Tuesday, December 23rd, La Mancha Investments S.À R.L. sold 60,900 shares of Endeavour Mining stock. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00.
• On Tuesday, December 23rd, La Mancha Investments S.À R.L. sold 11,903 shares of Endeavour Mining stock. The stock was sold at an average price of C$39.77, for a total transaction of C$473,382.31.

Endeavour Mining Stock Performance

Shares of EDV traded down C$0.67 during trading hours on Friday, reaching C$72.41. The stock had a trading volume of 85,479 shares, compared to its average volume of 593,547. Endeavour Mining Corp. has a 12 month low of C$25.07 and a 12 month high of C$74.72. The stock has a market capitalization of C$17.43 billion, a PE ratio of 36.57 and a beta of 0.94. The company’s 50-day moving average is C$62.00 and its two-hundred day moving average is C$52.97.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 earnings per share 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 analysts anticipate that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EDV. National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the company an “outperform” rating in a report on Monday, December 8th. Berenberg Bank raised their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Endeavour Mining currently has a consensus 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.