Endeavour Mining (TSE:EDV) Price Target Raised to C$92.00

Endeavour Mining (TSE:EDV) had its price target upped by Jefferies Financial Group from C$81.00 to C$92.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other brokerages have also weighed in on EDV. National Bankshares set a C$18.00 price objective on Endeavour Mining and gave the company an “outperform” rating in a report on Monday, December 8th. Berenberg Bank boosted their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$58.00.

Endeavour Mining Price Performance

EDV opened at C$78.24 on Monday. Endeavour Mining has a 12-month low of C$27.20 and a 12-month high of C$81.23. The stock has a market capitalization of C$18.83 billion, a PE ratio of 39.52 and a beta of 1.04. The firm’s fifty day moving average price is C$68.14 and its 200 day moving average price is C$57.05.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. The company had revenue of C$1.27 billion during the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. On average, equities research analysts forecast that Endeavour Mining will post 4.4476987 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Endeavour Mining news, insider Yousriya Loza sold 60,900 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the sale, the insider directly owned 35,310,054 shares of the company’s stock, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their ownership of the stock. Also, insider La Mancha Investments S.À R.L. sold 60,900 shares of the stock in a transaction on Tuesday, December 23rd. The stock was 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 C$2,585,049,053.34. This represents a 0.17% decrease in their ownership of the stock. Insiders have sold a total of 704,074 shares of company stock valued at $49,986,913 over the last quarter. Company 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.