Endeavour Mining Corp (TSE:EDV) Senior Officer Morgan Denis Carroll sold 11,700 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of C$26.52, for a total value of C$310,284.00. Following the completion of the transaction, the insider now directly owns 96,333 shares in the company, valued at approximately C$2,554,751.16.
Shares of TSE EDV opened at C$27.06 on Thursday. The company has a debt-to-equity ratio of 77.27, a current ratio of 1.45 and a quick ratio of 0.62. The company has a market cap of $3.05 billion and a PE ratio of -18.59. The firm’s fifty day moving average is C$23.39. Endeavour Mining Corp has a 12-month low of C$16.34 and a 12-month high of C$28.27.
Several research analysts recently issued reports on EDV shares. Berenberg Bank increased their price objective on Endeavour Mining from C$24.35 to C$28.97 in a research note on Monday, July 29th. Raymond James reaffirmed an “outperform” rating and set a C$34.00 target price on shares of Endeavour Mining in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price on Endeavour Mining from C$30.00 to C$33.00 in a research report on Wednesday, June 26th. CSFB dropped their target price on Endeavour Mining from C$33.00 to C$32.00 in a research report on Wednesday. Finally, Pi Financial cut Endeavour Mining from a “buy” rating to a “neutral” rating and increased their target price for the company from C$26.50 to C$32.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$32.43.
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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