Endeavour Mining (LON:EDV) Trading Down 9.7% – Here’s What Happened

Endeavour Mining plc (LON:EDV)’s stock price traded down 9.7% during mid-day trading on Wednesday . The stock traded as low as GBX 3,012 ($40.27) and last traded at GBX 3,068 ($41.02). 790,112 shares were traded during trading, a decline of 31% from the average session volume of 1,153,031 shares. The stock had previously closed at GBX 3,398 ($45.43).

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,000 price objective on shares of Endeavour Mining in a research note on Friday, August 1st. Berenberg Bank lifted their price objective on Endeavour Mining from GBX 3,200 to GBX 4,300 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 3,650.

Endeavour Mining Price Performance

The company has a 50 day simple moving average of GBX 2,894.86 and a 200-day simple moving average of GBX 2,444.89. The stock has a market cap of £7.43 billion, a P/E ratio of 33.91 and a beta of 0.92.

Endeavour Mining Company Profile

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte 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.