Endeavour Mining (TSE:EDV) Insider Sells C$11,540,955.00 in Stock

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Capital Management Gp sold 156,700 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the transaction, the insider owned 35,370,954 shares in the company, valued at C$2,605,070,762.10. The trade was a 0.44% decrease in their ownership of the stock.

La Mancha Capital Management Gp also recently made the following trade(s):

• On Tuesday, December 23rd, La Mancha Capital Management Gp sold 60,900 shares of Endeavour Mining stock. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00.
• On Tuesday, December 23rd, La Mancha Capital Management Gp sold 11,903 shares of Endeavour Mining stock. The shares were sold at an average price of C$39.77, for a total value of C$473,382.31.
• On Monday, October 13th, La Mancha Capital Management Gp sold 215,000 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.87, for a total value of C$7,067,050.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 111,900 shares of Endeavour Mining stock. The stock was sold at an average price of C$60.75, for a total value of C$6,797,925.00.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 253,572 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.26, for a total value of C$8,180,232.72.
• On Wednesday, October 8th, La Mancha Capital Management Gp sold 2,062 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.28, for a total value of C$66,561.36.
• On Thursday, October 9th, La Mancha Capital Management Gp sold 133,889 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.37, for a total value of C$4,333,986.93.
• On Thursday, October 9th, La Mancha Capital Management Gp sold 1,795 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.39, for a total value of C$58,140.05.

Endeavour Mining Price Performance

Shares of TSE:EDV traded down C$0.67 on Friday, hitting C$72.41. 85,479 shares of the company’s stock were exchanged, compared to its average volume of 593,547. The stock has a market capitalization of C$17.43 billion, a price-to-earnings ratio of 36.57 and a beta of 0.94. Endeavour Mining Corp. has a 12 month low of C$25.07 and a 12 month high of C$74.72. The business’s 50 day simple moving average is C$62.00 and its two-hundred day simple moving average is C$52.97.

Endeavour Mining (TSE:EDV) last posted 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. Equities analysts forecast that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on EDV. National Bankshares set a C$18.00 price target on shares of Endeavour Mining and gave the company an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank raised their price objective on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Endeavour Mining currently has a consensus rating of “Buy” and an average target price of C$38.80.

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.