Endeavour Mining (LON:EDV) Hits New 52-Week High – Should You Buy?

Shares of Endeavour Mining plc (LON:EDV) hit a new 52-week high on Monday . The stock traded as high as GBX 2,782 ($37.64) and last traded at GBX 2,778.82 ($37.59), with a volume of 169083 shares traded. The stock had previously closed at GBX 2,754 ($37.26).

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EDV shares. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 price target on shares of Endeavour Mining in a research report on Thursday, July 31st. Royal Bank Of Canada reaffirmed 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 3,150.

Endeavour Mining Stock Performance

The company has a market capitalization of £6.79 billion, a price-to-earnings ratio of 3,101.10 and a beta of 0.92. The firm has a 50-day simple moving average of GBX 2,420.54 and a two-hundred day simple moving average of GBX 2,151.36.

Endeavour Mining Company Profile

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.