Endeavour Mining (TSE:EDV) Upgraded to “Strong-Buy” at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Endeavour Mining (TSE:EDV) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

EDV has been the topic of a number of other reports. National Bankshares upped their target price on shares of Endeavour Mining from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Wednesday. Berenberg Bank lifted their target price on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group raised their price target on Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$76.75.

Endeavour Mining Stock Up 0.2%

Endeavour Mining stock opened at C$78.81 on Wednesday. The business’s 50-day moving average price is C$72.25 and its 200 day moving average price is C$59.79. Endeavour Mining has a 52 week low of C$28.19 and a 52 week high of C$90.14. The firm has a market cap of C$18.97 billion, a price-to-earnings ratio of 39.80 and a beta of 1.04.

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

Insider Buying and Selling

In other Endeavour Mining news, insider Martin John White sold 15,565 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the completion of the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at C$401,720. The trade was a 58.59% decrease in their position. Also, insider La Mancha Capital Management Gp sold 60,900 shares of the business’s 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 sale, the insider owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. This trade represents a 0.17% decrease in their ownership of the stock. In the last 90 days, insiders sold 704,074 shares of company stock worth $49,986,913. Company insiders own 19.11% of the company’s stock.

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.