Endeavour Mining (LON:EDV) Shares Down 3.3% – Should You Sell?

Endeavour Mining plc (LON:EDV) shares traded down 3.3% during mid-day trading on Thursday . The company traded as low as GBX 3,645 and last traded at GBX 3,743. Approximately 1,813,779 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 13,683,173 shares. The stock had previously closed at GBX 3,872.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EDV shares. Berenberg Bank lifted their price target on Endeavour Mining from GBX 5,100 to GBX 6,000 and gave the company an “outperform” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. reduced their price objective on Endeavour Mining from GBX 5,900 to GBX 5,700 and set an “overweight” rating for the company in a research note on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 6,000 price objective on shares of Endeavour Mining in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 5,900.

Endeavour Mining Trading Up 3.1%

The firm has a market capitalization of £9.31 billion, a PE ratio of 11.09 and a beta of 1.10. The firm’s fifty day moving average price is GBX 4,357.24 and its 200 day moving average price is GBX 4,327.62.

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. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.