La Mancha Investments S.Ï¿½ R.L. Sells 215,000 Shares of Endeavour Mining (TSE:EDV) Stock

Key Points

• La Mancha Investments S.Ï¿½ R.L. sold 215,000 shares of Endeavour Mining stock on October 13, totaling approximately C$7.07 million, while still maintaining a significant holding of 35,527,654 shares.
• Endeavour Mining's stock price rose 8.7% on Tuesday, reaching C$63.05, after trading 1,013,174 shares.
• The company announced a dividend of $0.62 to be paid on October 23, 2023, representing a 116.0% yield with a payout ratio of 107.69%.

Endeavour Mining Corp. (TSE:EDV - Get Free Report) insider La Mancha Investments S.Ï¿½ R.L. sold 215,000 shares of the company's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the completion of the transaction, the insider owned 35,527,654 shares of the company's stock, valued at approximately C$1,167,793,986.98. This trade represents a 0.60% decrease in their position.

La Mancha Investments S.Ï¿½ R.L. also recently made the following trade(s):

• On Wednesday, October 8th, La Mancha Investments S.Ï¿½ R.L. sold 111,900 shares of Endeavour Mining stock. The stock was sold at an average price of C$60.75, for a total transaction of C$6,797,925.00.
• On Wednesday, October 8th, La Mancha Investments S.Ï¿½ R.L. sold 253,572 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.26, for a total transaction of C$8,180,232.72.
• On Wednesday, October 8th, La Mancha Investments S.Ï¿½ R.L. sold 2,062 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.28, for a total transaction of C$66,561.36.
• On Thursday, October 9th, La Mancha Investments S.Ï¿½ R.L. sold 133,889 shares of Endeavour Mining stock. The stock was sold at an average price of C$32.37, for a total transaction of C$4,333,986.93.
• On Thursday, October 9th, La Mancha Investments S.Ï¿½ R.L. sold 1,795 shares of Endeavour Mining stock. The shares were sold at an average price of C$32.39, for a total transaction of C$58,140.05.

Endeavour Mining Trading Up 8.7%

EDV stock traded up C$5.02 on Tuesday, hitting C$63.05. 1,013,174 shares of the company's stock traded hands, compared to its average volume of 575,237. Endeavour Mining Corp. has a 1-year low of C$25.07 and a 1-year high of C$64.79. The stock has a market cap of C$15.19 billion, a price-to-earnings ratio of 69.29 and a beta of 0.88. The stock has a fifty day moving average of C$51.80 and a 200-day moving average of C$44.22.

Endeavour Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 23rd will be given a $0.62 dividend. This represents a dividend yield of 116.0%. The ex-dividend date is Friday, September 26th. Endeavour Mining's dividend payout ratio is 107.69%.

Analyst Ratings Changes

Separately, National Bankshares upped their price target on shares of Endeavour Mining from C$57.00 to C$70.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$34.00.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

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