Insider Selling: Endeavour Mining (TSE:EDV) Insider Sells 15,565 Shares of Stock

Endeavour Mining Corp. (TSE:EDV) insider Martin John White sold 15,565 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total value of C$568,433.80. Following the transaction, the insider owned 11,000 shares in the company, valued at approximately C$401,720. This trade represents a 58.59% decrease in their position.

Endeavour Mining Stock Performance

TSE:EDV traded up C$0.70 during trading hours on Thursday, hitting C$68.71. The stock had a trading volume of 629,390 shares, compared to its average volume of 591,144. The business’s 50 day moving average is C$60.57 and its 200-day moving average is C$51.64. The company has a market cap of C$16.54 billion, a price-to-earnings ratio of 34.70 and a beta of 0.94. Endeavour Mining Corp. has a one year low of C$25.07 and a one year high of C$69.87.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts anticipate that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.

Endeavour Mining Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 23rd were issued a dividend of $0.62 per share. This represents a dividend yield of 116.0%. The ex-dividend date was Friday, September 26th. Endeavour Mining’s payout ratio is 60.10%.

Wall Street Analysts Forecast Growth

EDV has been the subject of a number of research reports. Berenberg Bank increased their target price on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday. National Bankshares set a C$18.00 price objective on shares of Endeavour Mining and gave the stock an “outperform” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Endeavour Mining has a consensus rating of “Buy” and a consensus target price of C$38.80.

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.