Endeavour Mining (LON:EDV) Reaches New 12-Month High - What's Next?

Endeavour Mining plc (LON:EDV - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,437 ($33.09) and last traded at GBX 2,414 ($32.78), with a volume of 707169 shares. The stock had previously closed at GBX 2,366 ($32.13).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 2,800 ($38.02) price target on shares of Endeavour Mining in a research note on Thursday, May 1st.

Endeavour Mining Stock Up 1.6%

The company has a market capitalization of £7.22 billion, a PE ratio of -21.17 and a beta of 0.92. The company's 50 day moving average is GBX 2,071.10 and its two-hundred day moving average is GBX 1,756.66.

Endeavour Mining (LON:EDV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported GBX 71 ($0.96) earnings per share (EPS) for the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. Analysts forecast that Endeavour Mining plc will post 246.761658 EPS for the current year.

Insider Buying and Selling

In other news, insider Ian Cockerill bought 18,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of GBX 1,751 ($23.78) per share, for a total transaction of £323,935 ($439,890.01). 19.08% of the stock is owned by company insiders.

About Endeavour Mining

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.