Endeavour Mining Corp (TSE:EDV) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.74 and traded as high as $23.70. Endeavour Mining shares last traded at $23.20, with a volume of 105,192 shares traded.

Several brokerages recently weighed in on EDV. Raymond James reaffirmed an “outperform” rating and issued a C$34.00 target price on shares of Endeavour Mining in a report on Friday, August 2nd. Pi Financial cut shares of Endeavour Mining from a “buy” rating to a “neutral” rating and raised their target price for the company from C$26.50 to C$32.00 in a report on Wednesday, July 24th. Berenberg Bank raised their target price on shares of Endeavour Mining from C$24.35 to C$28.97 in a report on Monday, July 29th. National Bank Financial raised their target price on shares of Endeavour Mining from C$34.50 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Finally, CSFB dropped their price target on shares of Endeavour Mining from C$33.00 to C$32.00 in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$32.93.

The company has a market capitalization of $2.55 billion and a PE ratio of -16.10. The company has a debt-to-equity ratio of 77.27, a current ratio of 1.45 and a quick ratio of 0.62. The company’s 50 day simple moving average is C$25.62 and its 200 day simple moving average is C$22.76.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.05. The company had revenue of C$293.93 million during the quarter, compared to analysts’ expectations of C$237.59 million. On average, equities analysts forecast that Endeavour Mining Corp will post 1.4900001 EPS for the current year.

In other Endeavour Mining news, Senior Officer Morgan Denis Carroll sold 11,700 shares of the 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 value of C$310,284.00. Following the transaction, the insider now directly owns 96,333 shares in the company, valued at C$2,554,751.16. Also, Director Sébastien De Montessus sold 51,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of C$26.65, for a total transaction of C$1,359,150.00. Following the completion of the transaction, the director now owns 360,628 shares in the company, valued at C$9,610,736.20. Insiders sold 73,200 shares of company stock worth $1,958,604 over the last quarter.

Endeavour Mining Company Profile (TSE:EDV)

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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