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

by · The Cerbat Gem

Endeavour Mining (TSE:EDV – Get Free Report) was upgraded by stock analysts at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently commented on EDV. Berenberg Bank boosted their target price on Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. Jefferies Financial Group boosted their price objective on Endeavour Mining from C$81.00 to C$92.00 in a research note on Monday, January 19th. Finally, National Bankshares upped their price objective on Endeavour Mining from C$88.00 to C$93.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Endeavour Mining has a consensus rating of “Buy” and a consensus target price of C$76.75.

Read Our Latest Analysis on Endeavour Mining

Endeavour Mining Stock Up 0.2%

Shares of EDV opened at C$78.81 on Wednesday. The firm has a 50-day moving average price of C$72.25 and a 200 day moving average price of C$59.79. The firm has a market capitalization of C$18.97 billion, a PE ratio of 39.80 and a beta of 1.04. Endeavour Mining has a 52-week low of C$28.19 and a 52-week high of C$90.14.

Endeavour Mining (TSE:EDV – Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$1.27 billion for the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. On average, 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 La Mancha Capital Management Gp sold 156,700 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total value of C$11,540,955.00. Following the transaction, the insider owned 35,370,954 shares of the company’s stock, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their ownership of the stock. Also, insider Yousriya Loza sold 156,700 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total value of C$11,540,955.00. Following the sale, the insider directly owned 35,370,954 shares of the company’s stock, valued at approximately C$2,605,070,762.10. This represents a 0.44% decrease in their ownership of the stock. Insiders sold a total of 704,074 shares of company stock worth $49,986,913 over the last three months. Corporate insiders own 19.11% of the company’s stock.

About Endeavour Mining

(Get Free Report)

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.

Read More