Endeavour Mining (TSE:EDV) Announces Earnings Results

Endeavour Mining (TSE:EDV) announced its quarterly earnings results on Thursday. The company reported C$1.28 EPS for the quarter, FiscalAI reports. The business had revenue of C$1.69 billion for the quarter. Endeavour Mining had a return on equity of 16.99% and a net margin of 12.62%.

Endeavour Mining Stock Up 3.0%

Shares of Endeavour Mining stock opened at C$85.77 on Friday. The company has a market cap of C$20.65 billion, a PE ratio of 43.32 and a beta of 1.35. The business has a 50 day moving average of C$80.87 and a 200 day moving average of C$66.22. Endeavour Mining has a 52 week low of C$29.79 and a 52 week high of C$98.71.

Insider Activity at Endeavour Mining

In related news, insider Yousriya Loza sold 60,900 shares of Endeavour Mining stock in a transaction on 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 sale, the insider owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. The trade was a 0.17% decrease in their ownership of the stock. Also, insider La Mancha Capital Management Gp sold 60,900 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the transaction, the insider directly owned 35,310,054 shares in the company, valued at approximately C$2,585,049,053.34. The trade was a 0.17% decrease in their ownership of the stock. In the last ninety days, insiders have sold 704,074 shares of company stock worth $49,986,913. 19.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EDV has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. National Bank Financial increased their price target on shares of Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Berenberg Bank raised their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$90.00.

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.