Royal Bank Of Canada Downgrades Endeavour Mining (TSE:EDV) to Hold

Endeavour Mining (TSE:EDV) was downgraded by equities researchers at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Several other research analysts also recently issued reports on EDV. TD lifted their price objective on Endeavour Mining from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. National Bank Financial reduced their price objective on Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$93.50.

Endeavour Mining Trading Up 4.6%

Shares of EDV opened at C$76.53 on Friday. The stock has a market cap of C$18.45 billion, a P/E ratio of 22.51 and a beta of 1.82. The company has a 50-day moving average of C$71.42 and a two-hundred day moving average of C$79.40. Endeavour Mining has a 12-month low of C$44.27 and a 12-month high of C$98.71.

Insider Buying and Selling

In other Endeavour Mining news, insider Pascal Bernasconi sold 20,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$49.51, for a total transaction of C$990,200.00. Following the transaction, the insider owned 14,168 shares of the company’s stock, valued at C$701,457.68. This represents a 58.53% decrease in their position. Also, insider Guy Franklin Young sold 20,228 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$49.21, for a total value of C$995,419.88. Following the sale, the insider owned 45,022 shares in the company, valued at C$2,215,532.62. This trade represents a 31.00% decrease in their position. 19.11% of the stock is currently owned by company insiders.

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.