Endeavour Mining (TSE:EDV) Downgraded by Royal Bank Of Canada to “Hold”

Endeavour Mining (TSE:EDV) was downgraded by stock analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

EDV has been the subject of several other reports. National Bank Financial dropped their price target on Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. TD boosted their target price on Endeavour Mining from C$94.00 to C$105.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Mining currently has an average rating of “Moderate Buy” and an average price target of C$93.50.

Endeavour Mining Trading Up 4.6%

Shares of EDV opened at C$76.53 on Friday. The firm has a market capitalization of C$18.45 billion, a P/E ratio of 22.51 and a beta of 1.82. The stock’s fifty day simple moving average is C$71.42 and its 200 day simple moving average is C$79.40. Endeavour Mining has a twelve month low of C$44.27 and a twelve month high of C$98.71.

Insider Buying and Selling at Endeavour Mining

In other news, insider Pascal Bernasconi sold 20,000 shares of the company’s stock in a transaction dated 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 owned 14,168 shares of the company’s stock, valued at C$701,457.68. This represents a 58.53% decrease in their ownership of the stock. Also, insider Guy Franklin Young sold 20,228 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$49.21, for a total value of C$995,419.88. Following the completion of the sale, the insider owned 45,022 shares of the company’s stock, valued at approximately C$2,215,532.62. This trade represents a 31.00% decrease in their position. 19.11% of the stock is currently owned by corporate insiders.

About Endeavour Mining

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.