Endeavour Mining (TSE:EDV) Reaches New 52-Week High – Still a Buy?

Endeavour Mining Corp. (TSE:EDV) shares hit a new 52-week high on Friday . The stock traded as high as C$67.12 and last traded at C$65.97, with a volume of 135473 shares trading hands. The stock had previously closed at C$65.05.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$18.00 target price on shares of Endeavour Mining and gave the company an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Endeavour Mining has a consensus rating of “Buy” and a consensus price target of C$27.25.

Endeavour Mining Trading Down 0.2%

The stock has a fifty day moving average price of C$59.99 and a 200 day moving average price of C$50.89. The firm has a market cap of C$15.63 billion, a price-to-earnings ratio of 32.80 and a beta of 0.94.

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

Endeavour Mining Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 23rd were given a $0.62 dividend. This represents a dividend yield of 116.0%. The ex-dividend date of this dividend was Friday, September 26th. Endeavour Mining’s dividend payout ratio (DPR) is currently 60.10%.

Insider Buying and Selling

In other Endeavour Mining news, insider La Mancha Investments S.Ï¿½ R.L. sold 253,572 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$32.26, for a total value of C$8,180,232.72. Following the sale, the insider owned 35,880,400 shares of the company’s stock, valued at C$1,157,501,704. This trade represents a 0.70% decrease in their position. Also, insider Yousriya Loza sold 253,572 shares of Endeavour Mining stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of C$32.26, for a total value of C$8,180,232.72. Following the completion of the transaction, the insider directly owned 35,880,400 shares in the company, valued at approximately C$1,157,501,704. This represents a 0.70% decrease in their ownership of the stock. In the last 90 days, insiders sold 2,154,654 shares of company stock valued at $79,511,688. Insiders own 19.11% of the company’s stock.

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.