Endeavour Mining (OTCMKTS:EDVMF) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Endeavour Mining plc (OTCMKTS:EDVMF) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $60.59 and traded as low as $47.8076. Endeavour Mining shares last traded at $47.8076, with a volume of 40,573 shares traded.

Analyst Ratings Changes

EDVMF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Endeavour Mining in a report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Endeavour Mining in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Endeavour Mining has a consensus rating of “Buy”.

Endeavour Mining Trading Down 6.8%

The business has a fifty day moving average price of $60.59 and a 200 day moving average price of $57.36.

About Endeavour Mining

Endeavour Mining is a gold production company with primary operations across West Africa. The company focuses on the exploration, development and extraction of gold resources, operating a portfolio of mines and development projects in Côte d’Ivoire, Burkina Faso and Mali. Production is complemented by regional exploration programs designed to identify additional gold deposits and extend mine life across its project portfolio.

Key operating assets include the Ity and Agbaou mines in Côte d’Ivoire, the Houndé mine in Burkina Faso and the Kalana project in Mali.