Endeavour Mining (TSE:EDV) Insider Sells C$990,200.00 in Stock

Endeavour Mining Corp. (TSE:EDV) insider Pascal Bernasconi sold 20,000 shares of Endeavour Mining stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$49.51, for a total transaction of C$990,200.00. Following the transaction, the insider directly owned 14,168 shares of the company’s stock, valued at C$701,457.68. This represents a 58.53% decrease in their ownership of the stock.

Endeavour Mining Price Performance

Shares of EDV stock opened at C$82.98 on Monday. Endeavour Mining Corp. has a 12-month low of C$37.61 and a 12-month high of C$98.71. The company has a market capitalization of C$20.03 billion, a P/E ratio of 23.84 and a beta of 1.55. The firm has a 50-day moving average price of C$83.78 and a 200 day moving average price of C$76.14.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on EDV. Jefferies Financial Group boosted their target price on shares of Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday, January 19th. National Bank Financial boosted their target price on shares of 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. Finally, TD boosted their target price on shares of 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$99.50.

Endeavour Mining Company Profile

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.