Brokerages Set Endeavour Mining Corp. (TSE:EDV) Target Price at C$46.50

Endeavour Mining Corp. (TSE:EDV) has received an average rating of “Buy” from the five research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$58.00.

A number of research firms have weighed in on EDV. Jefferies Financial Group boosted their price objective on Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday. Berenberg Bank lifted their price target on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Finally, National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the company an “outperform” rating in a report on Monday, December 8th.

Endeavour Mining Trading Up 4.8%

EDV stock opened at C$80.08 on Friday. The firm has a 50-day moving average of C$67.74 and a two-hundred day moving average of C$56.90. Endeavour Mining has a 12 month low of C$27.12 and a 12 month high of C$80.20. The company has a market cap of C$19.27 billion, a price-to-earnings ratio of 40.44 and a beta of 1.04.

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

Insider Activity

In other news, insider Martin John White sold 15,565 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the completion of the sale, the insider owned 11,000 shares in the company, valued at C$401,720. This trade represents a 58.59% decrease in their position. Also, insider Yousriya Loza sold 60,900 shares of Endeavour Mining 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 transaction of C$4,458,489.00. Following 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 position. In the last 90 days, insiders sold 704,074 shares of company stock worth $49,986,913. 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.