Endeavour Mining (LON:EDV) Stock Price Up 2.1% - Should You Buy?

Shares of Endeavour Mining plc (LON:EDV - Get Free Report) shot up 2.1% during mid-day trading on Friday . The company traded as high as GBX 2,120 ($28.18) and last traded at GBX 2,104 ($27.97). 409,858 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,616,010 shares. The stock had previously closed at GBX 2,060 ($27.38).

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 2,800 ($37.22) price objective on shares of Endeavour Mining in a research report on Thursday.

Endeavour Mining Trading Up 2.1 %

The company has a 50 day simple moving average of GBX 1,835.99 and a two-hundred day simple moving average of GBX 1,682.34. The firm has a market capitalization of £6.37 billion, a P/E ratio of -18.66 and a beta of 0.92.

Endeavour Mining (LON:EDV - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported GBX 71 ($0.94) earnings per share for the quarter. Endeavour Mining had a negative net margin of 14.83% and a negative return on equity of 11.19%. On average, sell-side analysts expect that Endeavour Mining plc will post 246.761658 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ian Cockerill bought 18,500 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of GBX 1,751 ($23.28) per share, for a total transaction of £323,935 ($430,592.85). 19.08% of the stock is currently owned by company 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.