National Bankshares Forecasts Strong Price Appreciation for Endeavour Mining (TSE:EDV) Stock

Endeavour Mining (TSE:EDV) had its target price increased by investment analysts at National Bankshares from C$88.00 to C$93.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 18.76% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Berenberg Bank upped their target price on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Jefferies Financial Group increased their price target on shares of Endeavour Mining from C$81.00 to C$92.00 in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.75.

Endeavour Mining Price Performance

Shares of EDV traded down C$0.32 during midday trading on Wednesday, hitting C$78.31. 803,538 shares of the company traded hands, compared to its average volume of 825,457. The stock has a 50-day moving average of C$71.97 and a 200-day moving average of C$59.66. Endeavour Mining has a one year low of C$28.19 and a one year high of C$90.14. The firm has a market cap of C$18.85 billion, a P/E ratio of 39.55 and a beta of 1.04.

Endeavour Mining (TSE:EDV) last posted its earnings results on Thursday, November 13th. The company reported C$0.66 earnings per share 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 for the quarter. Sell-side analysts forecast that Endeavour Mining will post 4.4476987 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider La Mancha Capital Management Gp sold 60,900 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the completion of the sale, the insider directly owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. This represents a 0.17% decrease in their position. Also, insider La Mancha Investments S.À R.L. sold 60,900 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of C$73.21, for a total transaction of C$4,458,489.00. Following the completion of the transaction, the insider owned 35,310,054 shares in the company, valued at C$2,585,049,053.34. The trade was a 0.17% decrease in their position. Over the last ninety days, insiders have sold 704,074 shares of company stock worth $49,986,913. Company 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.