Endeavour Mining (LON:EDV) Hits New 52-Week High – Here’s Why

Endeavour Mining plc (LON:EDV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 2,589 ($34.83) and last traded at GBX 2,578 ($34.68), with a volume of 516375 shares traded. The stock had previously closed at GBX 2,552 ($34.33).

Analysts Set New Price Targets

Several brokerages have issued reports on EDV. Berenberg Bank reissued a “buy” rating and set a GBX 3,300 price objective on shares of Endeavour Mining in a research report on Thursday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,000 price objective on shares of Endeavour Mining in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Endeavour Mining presently has a consensus rating of “Buy” and an average price target of GBX 3,150.

Endeavour Mining Stock Up 1.0%

The firm has a market cap of £7.80 billion, a PE ratio of -22.87 and a beta of 0.92. The company’s fifty day moving average price is GBX 2,334.45 and its two-hundred day moving average price is GBX 2,084.48.

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.