Endeavour Mining (TSE:EDV) Sets New 12-Month High – Here’s What Happened

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$79.84 and last traded at C$76.92, with a volume of 785839 shares traded. The stock had previously closed at C$76.17.

Analysts Set New Price Targets

Several analysts recently commented on the company. Berenberg Bank raised their price objective on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. National Bankshares set a C$18.00 price target on Endeavour Mining and gave the company an “outperform” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Endeavour Mining presently has a consensus rating of “Buy” and an average target price of C$46.50.

Endeavour Mining Stock Performance

The company has a fifty day moving average price of C$65.70 and a two-hundred day moving average price of C$55.68. The company has a market cap of C$18.51 billion, a P/E ratio of 38.85 and a beta of 1.04.

Endeavour Mining (TSE:EDV) last released 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 business had revenue of C$1.27 billion for the quarter. Research analysts anticipate that Endeavour Mining Corp. will post 4.4476987 EPS for the current year.

Insider Activity

In other news, insider La Mancha Investments S.À R.L. sold 60,900 shares of Endeavour Mining stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the completion of the transaction, the insider directly owned 35,310,054 shares in the company, valued at approximately C$2,585,049,053.34. The trade was a 0.17% decrease in their position. Also, insider Martin John White sold 15,565 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 11,000 shares in the company, valued at C$401,720. The trade was a 58.59% decrease in their ownership of the stock. Over the last three months, insiders sold 704,074 shares of company stock valued at $49,986,913. 19.11% of the stock is owned by insiders.

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.