Endeavour Mining (LON:EDV) Shares Up 0.1% – Time to Buy?

Endeavour Mining plc (LON:EDV) was up 0.1% during mid-day trading on Friday . The stock traded as high as GBX 4,889 and last traded at GBX 4,742. Approximately 177,368,984 shares traded hands during mid-day trading, an increase of 1,353% from the average daily volume of 12,208,065 shares. The stock had previously closed at GBX 4,739.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 5,000 price target on shares of Endeavour Mining in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada downgraded shares of Endeavour Mining to a “sector perform” rating and cut their price target for the company from GBX 5,100 to GBX 4,600 in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Endeavour Mining currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,900.

Endeavour Mining Trading Up 0.1%

The company has a fifty day moving average price of GBX 3,919.30 and a two-hundred day moving average price of GBX 4,302.39. The firm has a market cap of £11.46 billion, a P/E ratio of 13.95 and a beta of 1.14.

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.