Insider Selling: Endeavour Mining (TSE:EDV) Insider Sells C$11,540,955.00 in Stock

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Investments S.À R.L. sold 156,700 shares of the stock in a transaction dated 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 transaction, the insider directly owned 35,370,954 shares in the company, valued at C$2,605,070,762.10. The trade was a 0.44% decrease in their position.

La Mancha Investments S.À R.L. also recently made the following trade(s):

• On Tuesday, December 23rd, La Mancha Investments S.À R.L. sold 60,900 shares of Endeavour Mining stock. The shares were sold at an average price of C$73.21, for a total value of C$4,458,489.00.
• On Tuesday, December 23rd, La Mancha Investments S.À R.L. sold 11,903 shares of Endeavour Mining stock. The shares were sold at an average price of C$39.77, for a total value of C$473,382.31.

Endeavour Mining Stock Down 3.1%

TSE:EDV opened at C$70.16 on Tuesday. The company has a market cap of C$16.89 billion, a PE ratio of 35.43 and a beta of 0.94. The business’s 50 day moving average is C$62.15 and its two-hundred day moving average is C$53.32. Endeavour Mining Corp. has a 52 week low of C$25.07 and a 52 week high of C$74.72.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%.The business had revenue of C$1.27 billion during the quarter. As a group, sell-side analysts expect that Endeavour Mining Corp. will post 4.4476987 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Berenberg Bank raised their price target on shares of Endeavour Mining from C$79.00 to C$85.00 in a research report on Wednesday, December 17th. National Bankshares set a C$18.00 target price on shares of Endeavour Mining and gave the stock an “outperform” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Endeavour Mining currently has a consensus rating of “Buy” and an average price target of C$38.80.

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.