Endeavour Mining Corp. (TSE:EDV) Receives Consensus Recommendation of “Buy” from Brokerages

Endeavour Mining Corp. (TSE:EDV) has received a consensus recommendation of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$58.00.

Several equities analysts recently commented on EDV shares. National Bankshares set a C$18.00 target price on shares of Endeavour Mining and gave the company an “outperform” rating in a report on Monday, December 8th. Jefferies Financial Group lifted their price target on Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday, January 19th. Finally, Berenberg Bank increased their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a research report on Wednesday, December 17th.

Endeavour Mining Trading Up 1.2%

Shares of TSE EDV opened at C$81.34 on Friday. The stock’s 50-day moving average is C$68.96 and its 200 day moving average is C$57.60. The stock has a market cap of C$19.57 billion, a price-to-earnings ratio of 41.08 and a beta of 1.04. Endeavour Mining has a 1-year low of C$27.20 and a 1-year high of C$82.06.

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

Insiders Place Their Bets

In other news, insider La Mancha Capital Management Gp sold 60,900 shares of the firm’s 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 sale, the insider directly owned 35,310,054 shares of the company’s stock, valued at approximately C$2,585,049,053.34. This trade represents a 0.17% decrease in their position. Also, insider Yousriya Loza sold 60,900 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the completion of the transaction, the insider directly owned 35,310,054 shares of the company’s stock, valued at approximately C$2,585,049,053.34. The trade was a 0.17% decrease in their ownership of the stock. Over the last three months, insiders sold 704,074 shares of company stock worth $49,986,913. Insiders own 19.11% of the company’s stock.

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.