Endeavour Mining (TSE:EDV) Hits New 1-Year High – Still a Buy?

Shares of Endeavour Mining Corp. (TSE:EDV) hit a new 52-week high during trading on Wednesday . The company traded as high as C$94.69 and last traded at C$94.43, with a volume of 243130 shares. The stock had previously closed at C$91.29.

Analyst Upgrades and Downgrades

Several brokerages have commented on EDV. Jefferies Financial Group upped their price objective on shares of Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. Berenberg Bank increased their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Finally, National Bank Financial raised their price objective on shares of Endeavour Mining from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$90.00.

Endeavour Mining Stock Up 2.2%

The stock’s fifty day simple moving average is C$79.38 and its two-hundred day simple moving average is C$64.77. The firm has a market cap of C$23.63 billion, a PE ratio of 49.57 and a beta of 1.04.

Insider Buying and Selling

In other Endeavour Mining news, insider La Mancha Capital Management Gp sold 156,700 shares of Endeavour Mining stock in a transaction on Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the completion of the transaction, the insider owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. The trade was a 0.44% decrease in their ownership of the stock. Also, insider Martin John White sold 15,565 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were 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 of the company’s stock, valued at C$401,720. The trade was a 58.59% decrease in their ownership of the stock. Insiders sold 704,074 shares of company stock worth $49,986,913 in the last 90 days. Corporate 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.