Endeavour Mining (TSE:EDV) Stock Price Down 2.1% – Here’s Why

Shares of Endeavour Mining Corp. (TSE:EDV) fell 2.1% during trading on Monday . The stock traded as low as C$84.67 and last traded at C$85.72. Approximately 364,160 shares changed hands during trading, a decline of 36% from the average daily volume of 573,017 shares. The stock had previously closed at C$87.57.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EDV shares. Royal Bank Of Canada cut Endeavour Mining from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. National Bank Financial lowered their price objective on shares of Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Endeavour Mining has an average rating of “Moderate Buy” and a consensus price target of C$93.50.

Endeavour Mining Price Performance

The firm has a 50 day moving average price of C$74.13 and a 200-day moving average price of C$79.80. The firm has a market cap of C$20.39 billion, a price-to-earnings ratio of 24.88 and a beta of 1.82.

About Endeavour Mining

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. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society.