Endeavour Mining (TSE:EDV) Price Target Raised to C$92.00 at Jefferies Financial Group

Endeavour Mining (TSE:EDV) had its price target lifted by research analysts at Jefferies Financial Group from C$81.00 to C$92.00 in a note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 21.40% from the company’s current price.

Several other equities research analysts have also recently commented on the company. National Bankshares set a C$18.00 target price on Endeavour Mining and gave the company an “outperform” rating in a research note on Monday, December 8th. Berenberg Bank boosted their price objective on shares of Endeavour Mining from C$79.00 to C$85.00 in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$58.00.

Endeavour Mining Stock Up 1.5%

EDV traded up C$1.11 during trading on Monday, hitting C$75.78. The company had a trading volume of 191,841 shares, compared to its average volume of 760,839. The company has a market capitalization of C$18.24 billion, a PE ratio of 38.27 and a beta of 1.04. Endeavour Mining has a one year low of C$26.73 and a one year high of C$79.84. The firm’s 50-day moving average price is C$66.90 and its 200 day moving average price is C$56.39.

Endeavour Mining (TSE:EDV) last released its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share (EPS) for the quarter. The firm had revenue of C$1.27 billion during the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. Sell-side analysts forecast that Endeavour Mining will post 4.4476987 earnings per share for the current year.

Insider Activity

In other news, insider La Mancha Investments S.À R.L. sold 60,900 shares of Endeavour Mining stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total value of C$4,458,489.00. Following the completion of the transaction, the insider owned 35,310,054 shares of the company’s stock, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their position. Also, insider Martin John White sold 15,565 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the transaction, the insider owned 11,000 shares in the company, valued at C$401,720. This represents a 58.59% decrease in their ownership of the stock. In the last ninety days, insiders have sold 704,074 shares of company stock worth $49,986,913. 19.11% of the stock is owned by insiders.

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.