Endeavour Mining (OTCMKTS:EDVMF) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Endeavour Mining plc (OTCMKTS:EDVMF) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $50.83 and traded as high as $56.57. Endeavour Mining shares last traded at $55.5155, with a volume of 5,251 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on EDVMF. Morgan Stanley restated an “overweight” rating on shares of Endeavour Mining in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Mining in a research report on Friday, July 31st. Finally, Jefferies Financial Group initiated coverage on Endeavour Mining in a research report on Monday, August 3rd. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Endeavour Mining presently has a consensus rating of “Buy”.

Endeavour Mining Trading Up 0.4%

The business’s fifty day moving average is $50.83 and its two-hundred day moving average is $57.42.

Endeavour Mining Company Profile

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.