Endeavour Mining (TSE:EDV) Shares Down 2.1% – What’s Next?

Endeavour Mining Corp. (TSE:EDV) shares dropped 2.1% during trading on Monday . The stock traded as low as C$84.67 and last traded at C$85.72. Approximately 364,160 shares changed hands during trading, a decline of 36% from the average session volume of 573,017 shares. The stock had previously closed at C$87.57.

Wall Street Analyst Weigh In

EDV has been the topic of several recent research reports. Royal Bank Of Canada lowered shares of Endeavour Mining from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. National Bank Financial reduced their price objective on shares of Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$93.50.

Endeavour Mining Stock Down 2.1%

The stock has a market capitalization of C$20.66 billion, a P/E ratio of 25.21 and a beta of 1.82. The stock has a 50 day simple moving average of C$73.92 and a two-hundred day simple moving average of C$79.82.

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.