Key Points
- Insider sale: Endeavour Mining insider Guy Franklin Young sold 20,228 shares on May 13 for about C$995,419.88 at an average price of C$49.21. After the sale, he still held 45,022 shares, a 31% reduction in ownership.
- Strong recent financial results: The company reported C$2.13 EPS and C$1.88 billion in quarterly revenue for its latest earnings release. It also posted a return on equity of 27.75% and a net margin of 18.88%.
- Analysts remain bullish: Recent research notes lifted price targets, including National Bank Financial to C$116 and TD to C$105. The stock currently carries an average Buy rating with a consensus target price of C$99.50.
Endeavour Mining Corp. (TSE:EDV - Get Free Report) insider Pascal Bernasconi sold 20,000 shares of Endeavour Mining stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$49.51, for a total value of C$990,200.00. Following the completion of the sale, the insider owned 14,168 shares in the company, valued at C$701,457.68. This represents a 58.53% decrease in their position.
Endeavour Mining Trading Down 7.3%
EDV stock opened at C$82.98 on Friday. The company has a market capitalization of C$20.03 billion, a PE ratio of 23.84 and a beta of 1.55. Endeavour Mining Corp. has a 12-month low of C$37.61 and a 12-month high of C$98.71. The business's fifty day moving average price is C$83.78 and its 200 day moving average price is C$76.00.
Endeavour Mining (TSE:EDV - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$2.13 earnings per share (EPS) for the quarter. The firm had revenue of C$1.88 billion for the quarter. Endeavour Mining had a return on equity of 27.75% and a net margin of 18.88%. Research analysts predict that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on EDV. Jefferies Financial Group boosted their price objective on Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. TD boosted 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, National Bank Financial boosted their target price 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$99.50.
Get Our Latest Report on EDV
About Endeavour Mining
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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.
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