Analysts Set Endeavour Mining Corp. (TSE:EDV) Price Target at C$38.80

Endeavour Mining Corp. (TSE:EDV) has earned a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$38.80.

A number of equities analysts have commented on the company. Berenberg Bank lifted their price target on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. National Bankshares set a C$18.00 target price on shares of Endeavour Mining and gave the stock an “outperform” rating in a report on Monday, December 8th.

Insider Activity

In other Endeavour Mining news, insider La Mancha Capital Management Gp sold 215,000 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of C$32.87, for a total value of C$7,067,050.00. Following the sale, the insider owned 35,527,654 shares of the company’s stock, valued at C$1,167,793,986.98. This trade represents a 0.60% decrease in their position. Also, insider Yousriya Loza sold 215,000 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the completion of the transaction, the insider owned 35,527,654 shares in the company, valued at C$1,167,793,986.98. The trade was a 0.60% decrease in their position. Over the last 90 days, insiders sold 2,170,219 shares of company stock worth $80,080,122. 19.11% of the stock is currently owned by corporate insiders.

Endeavour Mining Stock Down 0.9%

Shares of TSE:EDV opened at C$72.41 on Wednesday. The stock has a market cap of C$17.43 billion, a PE ratio of 36.57 and a beta of 0.94. The company’s fifty day moving average is C$62.00 and its 200 day moving average is C$52.97. Endeavour Mining has a 52 week low of C$25.07 and a 52 week high of C$74.72.

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. The business 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%. Sell-side analysts anticipate that Endeavour Mining will post 4.4476987 EPS for the current year.

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.