La Mancha Capital Management GP sells 25,300 shares of Endeavor Mining plc (TSE:EDV)
Endeavor Mining plc (TSE:EDV – Get Rating) insider La Mancha Capital Management GP sold 25,300 shares in a trade dated Wednesday, September 28. The stock was sold at an average price of CA$24.87, for a total transaction of CA$629,269.19. Following the transaction, the insider now directly owns 48,231,703 shares of the company, valued at C$1,199,633,386.53.
Endeavor Mining Sector Price Performance
Shares of Endeavor Mining traded C$0.83 lower at midday on Monday, hitting C$24.65. The company had a trading volume of 391,937 shares, compared to an average volume of 638,523. The company has a leverage ratio of 20.93, a current ratio of 1.55 and a quick ratio of 1.18. The stock’s 50-day simple moving average is C$26.07 and its 200-day simple moving average is C$28.38. Endeavor Mining plc has a 1-year low of C$23.63 and a 1-year high of C$35.94. The company has a market capitalization of C$6.08 billion and a P/E ratio of 35.89.
Endeavor Mining (TSE:EDV – Get Rating) last released its quarterly earnings data on Wednesday, August 3. The company reported earnings per share of C$0.57 for the quarter, beating analyst consensus estimates of C$0.49 by C$0.08. The company posted revenue of C$803.60 million for the quarter, while analysts had expected C$760.25 million. On average, stock analysts predict that Endeavor Mining plc will post 1.5 EPS for the current year.
Endeavor Mining increases its dividends
The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 28. Shareholders of record on Friday, September 2 received a dividend of $0.512 per share. This represents a dividend yield of 1.54%. This is a boost from Endeavor Mining’s previous semi-annual dividend of $0.35. The ex-dividend date was Thursday, September 1. Endeavor Mining’s dividend payout ratio (DPR) is 78.87%.
Changes to analyst ratings
EDV has been the subject of several analyst reports. Credit Suisse Group reissued a “buy” rating on Endeavor Mining shares in a Tuesday, September 20 report. Berenberg Bank reissued a “buy” rating and set a price target of C$3,000.00 on Endeavor Mining shares in a Thursday, July 7 report. Finally, Barclays reissued a “buy” rating on Endeavor Mining shares in a Thursday, August 4, report. One equity research analyst gave the stock a hold rating and nine gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of CA$1,198.89.
About Endeavor Mining
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Endeavor Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes the Houndé, Mana, Boungou and Wahgnion mines, 90% owned in Burkina Faso; 85% owned the Ity mine located in Côte d’Ivoire; 90% owned the Sabodala-Massawa mine located in Senegal; and the Fetekro, Kalana, Bantou, Nabanga and Afema development projects.
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