Endeavour Mining (TSE:EDV) Reaches New 12-Month High at $38.99

Shares of Endeavour Mining Corp (TSE:EDV) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$38.99 and last traded at C$37.89, with a volume of 47024 shares changing hands. The stock had previously closed at C$38.15.

EDV has been the topic of several recent analyst reports. Berenberg Bank upped their price objective on shares of Endeavour Mining from C$40.00 to C$45.00 in a report on Friday, August 7th. CSFB upped their price objective on shares of Endeavour Mining from C$30.00 to C$40.00 in a report on Wednesday, July 22nd. Scotiabank upped their price objective on shares of Endeavour Mining from C$43.00 to C$45.00 in a report on Tuesday, August 18th. CIBC upped their price objective on shares of Endeavour Mining from C$42.00 to C$45.00 in a report on Thursday, August 6th. Finally, Pi Financial restated a “buy” rating and set a C$48.00 price objective on shares of Endeavour Mining in a report on Wednesday, August 5th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$42.36.

The company’s fifty day moving average is C$35.82 and its two-hundred day moving average is C$30.02. The company has a debt-to-equity ratio of 108.17, a quick ratio of 1.57 and a current ratio of 2.29. The company has a market cap of $6.22 billion and a price-to-earnings ratio of -26.15.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.12 by C$0.55. The business had revenue of C$350.92 million during the quarter, compared to analyst estimates of C$495.12 million. On average, sell-side analysts anticipate that Endeavour Mining Corp will post 3.4100001 EPS for the current fiscal year.

In other news, Senior Officer Morgan Denis Carroll sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$32.35, for a total transaction of C$291,150.00. Following the sale, the insider now owns 132,077 shares of the company’s stock, valued at approximately C$4,272,690.95. Also, Senior Officer Pascal Bernasconi sold 9,180 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of C$32.16, for a total transaction of C$295,228.80. In the last quarter, insiders sold 28,380 shares of company stock worth $948,479.

About Endeavour Mining (TSE:EDV)

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.

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