Endeavour Mining (TSE:EDV) Hits New 12-Month High – What’s Next?

Endeavour Mining Corp. (TSE:EDV) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$76.74 and last traded at C$76.01, with a volume of 353336 shares trading hands. The stock had previously closed at C$74.07.

Analysts Set New Price Targets

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

Endeavour Mining Stock Performance

The company has a 50-day moving average of C$64.86 and a 200-day moving average of C$55.03. The stock has a market capitalization of C$17.45 billion, a price-to-earnings ratio of 36.62 and a beta of 1.04.

Endeavour Mining (TSE:EDV) last released 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 company had revenue of C$1.27 billion during the quarter. As a group, analysts expect that Endeavour Mining Corp. will post 4.4476987 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Yousriya Loza sold 60,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the completion of the sale, 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 ownership of the stock. Also, insider Martin John White sold 15,565 shares of the 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 transaction of C$568,433.80. Following the transaction, the insider directly owned 11,000 shares in the company, valued at approximately C$401,720. This represents a 58.59% decrease in their position. Insiders sold a total of 1,349,074 shares of company stock valued at $71,188,063 in the last quarter. Corporate insiders own 19.11% of the company’s stock.

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.