Endeavour Mining (TSE:EDV) Upgraded to Strong-Buy at Cibc Captl Mkts

Endeavour Mining (TSE:EDV) was upgraded by equities research analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

EDV has been the topic of several other reports. Berenberg Bank lifted their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. National Bankshares raised their price objective on Endeavour Mining from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a report on Wednesday. Canadian Imperial Bank of Commerce upgraded Endeavour Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, Endeavour Mining presently has a consensus rating of “Strong Buy” and an average price target of C$76.75.

Endeavour Mining Trading Up 5.0%

EDV stock traded up C$3.73 during trading on Wednesday, hitting C$78.38. 366,578 shares of the company’s stock were exchanged, compared to its average volume of 800,991. The business has a 50-day moving average price of C$72.44 and a two-hundred day moving average price of C$59.89. The stock has a market capitalization of C$18.87 billion, a price-to-earnings ratio of 39.59 and a beta of 1.04. Endeavour Mining has a 52-week low of C$28.19 and a 52-week high of C$90.14.

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

Insider Activity

In other news, insider La Mancha Capital Management Gp sold 60,900 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their position. Also, insider La Mancha Investments S.À R.L. 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 value of C$4,458,489.00. Following the completion of the sale, the insider owned 35,310,054 shares in the company, valued at approximately C$2,585,049,053.34. This trade represents a 0.17% decrease in their ownership of the stock. Insiders have sold 704,074 shares of company stock worth $49,986,913 in the last three months. 19.11% of the stock is currently owned by company insiders.

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.