Endeavour Mining (LON:EDV) Sets New 1-Year High – Here’s Why

Shares of Endeavour Mining plc (LON:EDV) reached a new 52-week high on Monday . The company traded as high as GBX 2,282 ($30.32) and last traded at GBX 2,214 ($29.42), with a volume of 936744 shares. The stock had previously closed at GBX 2,248.65 ($29.88).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,800 ($37.20) price objective on shares of Endeavour Mining in a report on Thursday, May 1st.

Endeavour Mining Trading Down 2.6%

The stock’s 50-day moving average is GBX 1,889.75 and its 200-day moving average is GBX 1,691.42. The stock has a market cap of £6.63 billion, a P/E ratio of -19.43 and a beta of 0.92.

Endeavour Mining (LON:EDV) last announced its earnings results on Thursday, May 1st. The company reported GBX 71 ($0.94) earnings per share (EPS) for the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. On average, equities analysts forecast that Endeavour Mining plc will post 246.761658 EPS for the current year.

Insider Activity at Endeavour Mining

In other Endeavour Mining news, insider Ian Cockerill acquired 18,500 shares of Endeavour Mining stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of GBX 1,751 ($23.27) per share, for a total transaction of £323,935 ($430,421.21). 19.08% of the stock is currently owned by insiders.

About Endeavour Mining

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates.