Endeavour Mining (TSE:EDV) Insider La Mancha Investments S.À R.L. Sells 156,700 Shares

Endeavour Mining Corp. (TSE:EDV) insider La Mancha Investments S.À R.L. sold 156,700 shares of the company’s stock in a transaction that occurred 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 directly owned 35,370,954 shares in the company, valued at approximately C$2,605,070,762.10. This trade represents a 0.44% decrease in their ownership of the stock.

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 Price Performance

Shares of TSE:EDV traded down C$0.67 during trading on Friday, reaching C$72.41. 85,479 shares of the stock were exchanged, compared to its average volume of 593,547. Endeavour Mining Corp. has a 1-year low of C$25.07 and a 1-year high of C$74.72. The stock has a fifty day moving average of C$62.00 and a two-hundred day moving average of C$52.97. The firm has a market cap of C$17.43 billion, a price-to-earnings ratio of 36.57 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

EDV has been the topic of a number of analyst reports. Berenberg Bank upped their target price on shares of Endeavour Mining from C$79.00 to C$85.00 in a report on Wednesday, December 17th. National Bankshares set a C$18.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a report on Monday, December 8th. 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 data from MarketBeat, Endeavour Mining has an average rating of “Buy” and a consensus 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.