Endeavour Mining Corp (TSE:EDV) Given Consensus Rating of “Buy” by Brokerages
Endeavour Mining Corp (TSE:EDV) has received an average recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$32.81.
EDV has been the topic of several recent analyst reports. CSFB decreased their price objective on shares of Endeavour Mining from C$33.00 to C$32.00 in a report on Wednesday, August 7th. Raymond James restated an “outperform” rating and issued a C$34.00 price objective on shares of Endeavour Mining in a report on Friday, August 2nd. Berenberg Bank upped their target price on shares of Endeavour Mining from C$24.35 to C$28.97 in a research note on Monday, July 29th. Royal Bank of Canada upped their target price on shares of Endeavour Mining from C$30.00 to C$33.00 in a research note on Wednesday, June 26th. Finally, Pi Financial downgraded shares of Endeavour Mining from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$26.50 to C$32.00 in a research note on Wednesday, July 24th.
In related news, Senior Officer Morgan Denis Carroll sold 11,700 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$26.52, for a total transaction of C$310,284.00. Following the sale, the insider now directly owns 96,333 shares of the company’s stock, valued at approximately C$2,554,751.16. Also, Director Sébastien De Montessus sold 51,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$26.65, for a total transaction of C$1,359,150.00. Following the sale, the director now directly owns 360,628 shares in the company, valued at C$9,610,736.20. Over the last ninety days, insiders have sold 73,200 shares of company stock worth $1,958,604.
Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.05. The company had revenue of C$293.93 million during the quarter, compared to analyst estimates of C$237.59 million. Equities analysts forecast that Endeavour Mining will post 1.5718588 earnings per share for the current year.
Endeavour Mining Company Profile
Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.
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