Endeavour Mining (TSE:EDV) Insider Pascal Bernasconi Sells 20,000 Shares

Endeavour Mining Corp. (TSE:EDV) insider Pascal Bernasconi sold 20,000 shares of Endeavour Mining 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 completion of the sale, the insider directly owned 14,168 shares in the company, valued at C$701,457.68. This represents a 58.53% decrease in their ownership of the stock.

Endeavour Mining Price Performance

Shares of TSE:EDV opened at C$82.98 on Friday. The business’s 50 day moving average price is C$83.78 and its 200-day moving average price is C$76.00. The firm has a market capitalization of C$20.03 billion, a PE ratio of 23.84 and a beta of 1.55. Endeavour Mining Corp. has a 1 year low of C$37.61 and a 1 year high of C$98.71.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. National Bank Financial lifted their price target on Endeavour Mining from C$115.00 to C$116.00 and gave the stock an “outperform” rating in a research note on Sunday, May 3rd. 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. Finally, Jefferies Financial Group lifted their price objective on Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday, January 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$99.50.

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.