Insider Selling: Endeavour Mining (TSE:EDV) Insider Sells 20,000 Shares of Stock

Endeavour Mining Corp. (TSE:EDV) insider Pascal Bernasconi sold 20,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$49.51, for a total value 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.

Endeavour Mining Trading Down 7.4%

Shares of EDV stock traded down C$6.60 on Friday, hitting C$82.96. 366,559 shares of the stock were exchanged, compared to its average volume of 677,698. The firm has a market capitalization of C$20.02 billion, a PE ratio of 23.84 and a beta of 1.55. Endeavour Mining Corp. has a one year low of C$37.61 and a one year high of C$98.71. The firm’s 50 day moving average is C$83.87 and its two-hundred day moving average is C$75.95.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EDV shares. National Bank Financial increased their price target on Endeavour Mining from C$115.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Sunday, May 3rd. TD raised their target price on Endeavour Mining from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group raised their target price on Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Endeavour Mining has an average rating of “Buy” and an average price target of C$99.50.

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.