Endeavour Mining (TSE:EDV) Trading 1% Higher – Here’s Why

Endeavour Mining Corp. (TSE:EDV) shares rose 1% during trading on Monday . The stock traded as high as C$71.38 and last traded at C$71.26. 285,600 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 635,743 shares. The stock had previously closed at C$70.54.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EDV. National Bank Financial increased their target price on Endeavour Mining from C$115.00 to C$116.00 and gave the stock an “outperform” rating in a report on Sunday, May 3rd. TD lifted their price target on Endeavour Mining from C$94.00 to C$105.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Endeavour Mining has a consensus rating of “Buy” and a consensus price target of C$99.50.

Endeavour Mining Stock Performance

The company has a market capitalization of C$17.14 billion, a P/E ratio of 20.43 and a beta of 1.66. The firm’s 50 day moving average price is C$79.77 and its two-hundred day moving average price is C$79.95.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$2.13 EPS for the quarter. The company had revenue of C$1.88 billion during the quarter. Endeavour Mining had a net margin of 18.88% and a return on equity of 27.75%. Analysts anticipate that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current fiscal year.

Insider Activity

In other Endeavour Mining news, insider Pascal Bernasconi sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$49.51, for a total transaction of C$990,200.00. Following the transaction, the insider owned 14,168 shares of the company’s stock, valued at C$701,457.68. The trade was a 58.53% decrease in their position. Also, insider Guy Franklin Young sold 20,228 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$49.21, for a total value of C$995,419.88. Following the sale, the insider owned 45,022 shares in the company, valued at approximately C$2,215,532.62. This represents a 31.00% decrease in their position. 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.