Endeavour Mining (TSE:EDV) Stock Jumps 2.6% – What’s Next?

Endeavour Mining Corp. (TSE:EDV) shares shot up 2.6% on Friday. The company traded as high as C$80.42 and last traded at C$79.38. 490,876 shares were traded during trading, a decline of 7% from the average daily volume of 526,828 shares. The stock had previously closed at C$77.39.

Wall Street Analysts Forecast Growth

EDV has been the subject of several research reports. National Bank Financial reduced their price target on Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group upgraded Endeavour Mining to a “strong-buy” rating in a report on Wednesday, October 14th. Finally, Royal Bank Of Canada lowered shares of Endeavour Mining from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$93.50.

Endeavour Mining Stock Performance

The business’s 50 day moving average is C$80.16 and its 200-day moving average is C$79.83. The firm has a market capitalization of C$19.12 billion, a price-to-earnings ratio of 23.35 and a beta of 2.02.

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.