Endeavour Mining (TSE:EDV) Trading Down 8.3% – Here’s What Happened

Endeavour Mining Corp. (TSE:EDV)’s share price dropped 8.3% during trading on Friday . The stock traded as low as C$72.62 and last traded at C$72.71. Approximately 359,836 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 649,203 shares. The stock had previously closed at C$79.31.

Analyst Upgrades and Downgrades

EDV has been the subject of several recent research reports. TD upped their price target on Endeavour Mining from C$94.00 to C$105.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. National Bank Financial upped their price target on Endeavour Mining from C$115.00 to C$116.00 and gave the company an “outperform” rating in a report on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$99.50.

Endeavour Mining Trading Down 8.3%

The stock has a fifty day moving average price of C$83.86 and a 200-day moving average price of C$78.51. The firm has a market capitalization of C$17.54 billion, a price-to-earnings ratio of 20.89 and a beta of 1.66.

Endeavour Mining (TSE:EDV) last issued its earnings results on Thursday, April 30th. The company reported C$2.13 earnings per share (EPS) for the quarter. Endeavour Mining had a return on equity of 27.75% and a net margin of 18.88%.The business had revenue of C$1.88 billion during the quarter. On average, equities analysts expect that Endeavour Mining Corp. will post 4.4476987 EPS for the current year.

Insider Buying and Selling

In related news, insider Guy Franklin Young sold 20,228 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$49.21, for a total transaction of C$995,419.88. Following the sale, the insider directly owned 45,022 shares in the company, valued at C$2,215,532.62. This represents a 31.00% decrease in their position. Also, insider Pascal Bernasconi sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$49.51, for a total value of C$990,200.00. Following the sale, the insider owned 14,168 shares in the company, valued at approximately C$701,457.68. This trade represents a 58.53% decrease in their ownership of the stock. 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.