Endeavour Mining (TSE:EDV) Shares Down 6.5% – Should You Sell?

Endeavour Mining Corp. (TSE:EDV) shares traded down 6.5% during mid-day trading on Friday . The stock traded as low as C$72.48 and last traded at C$72.55. 313,919 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 543,841 shares. The stock had previously closed at C$77.61.

Analyst Ratings Changes

EDV has been the topic of a number of research reports. National Bankshares set a C$18.00 price target on shares of Endeavour Mining and gave the company an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank lifted their price target on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$46.50.

Endeavour Mining Price Performance

The firm has a market cap of C$17.60 billion, a price-to-earnings ratio of 36.92 and a beta of 1.04. The business has a 50-day moving average of C$64.53 and a 200-day moving average of C$54.82.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings results 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 firm had revenue of C$1.27 billion during the quarter. As a group, equities analysts anticipate that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Yousriya Loza sold 215,000 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the transaction, the insider directly owned 35,527,654 shares in the company, valued at C$1,167,793,986.98. The trade was a 0.60% decrease in their position. Also, insider La Mancha Investments S.À R.L. sold 156,700 shares of the company’s stock in a transaction dated 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 directly 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 ownership of the stock. Over the last quarter, insiders have sold 1,349,074 shares of company stock worth $71,188,063. Corporate insiders own 19.11% of the company’s stock.

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.