Endeavour Mining (LON:EDV) Given New GBX 3,300 Price Target at Berenberg Bank

Endeavour Mining (LON:EDV) had its target price raised by analysts at Berenberg Bank from GBX 2,900 ($39.58) to GBX 3,300 ($45.04) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 46.55% from the stock’s current price.

Endeavour Mining Trading Down 0.3%

Shares of Endeavour Mining stock opened at GBX 2,251.82 ($30.73) on Thursday. The business’s 50 day simple moving average is GBX 2,222.66 and its 200-day simple moving average is GBX 1,867.61. The stock has a market capitalization of £6.81 billion, a price-to-earnings ratio of -19.97 and a beta of 0.92. Endeavour Mining has a twelve month low of GBX 1,387 ($18.93) and a twelve month high of GBX 2,437 ($33.26).

Endeavour Mining (LON:EDV) last announced its quarterly earnings results on Thursday, May 1st. The company reported GBX 71 ($0.97) earnings per share for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. Sell-side analysts predict that Endeavour Mining will post 246.761658 earnings per share for the current year.

Insider Buying and Selling

In other Endeavour Mining news, insider Ian Cockerill bought 18,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of GBX 1,751 ($23.90) per share, for a total transaction of £323,935 ($442,111.37). 19.08% of the stock is currently owned by corporate insiders.

Endeavour Mining Company Profile

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates.