Endeavour Mining (LON:EDV) Stock Price Up 1.5% - Here's What Happened

Endeavour Mining plc (LON:EDV - Get Free Report)'s share price shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as GBX 2,254 ($30.93) and last traded at GBX 2,246 ($30.82). 275,301 shares traded hands during trading, a decline of 79% from the average session volume of 1,315,081 shares. The stock had previously closed at GBX 2,212 ($30.36).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 2,800 ($38.42) price target on shares of Endeavour Mining in a research note on Thursday, May 1st.

Endeavour Mining Stock Performance

The company's 50 day moving average price is GBX 2,205.23 and its 200 day moving average price is GBX 1,837.17. The company has a market cap of £6.61 billion, a price-to-earnings ratio of -19.37 and a beta of 0.92.

Endeavour Mining (LON:EDV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported GBX 71 ($0.97) 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%. On average, equities research analysts forecast that Endeavour Mining plc will post 246.761658 EPS for the current fiscal year.

Insider Transactions at Endeavour Mining

In other news, insider Ian Cockerill bought 18,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of GBX 1,751 ($24.03) per share, for a total transaction of £323,935 ($444,538.22). 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.