Endeavour Mining (LON:EDV) Reaches New 1-Year High - Here's Why

Key Points

• Endeavour Mining's stock price reached a new 52-week high of GBX 2,446 ($32.48) during trading, reflecting increasing market confidence.
• Royal Bank Of Canada and Berenberg Bank have both reissued positive ratings, with price targets of GBX 3,000 ($39.84) and GBX 3,300 ($43.82) respectively.
• The company reported a negative return on equity of 11.19% and a net margin of 14.83%, indicating challenges in profitability despite its strong market position in the gold industry.

Endeavour Mining plc (LON:EDV - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 2,446 ($32.89) and last traded at GBX 2,426 ($32.63), with a volume of 147483 shares changing hands. The stock had previously closed at GBX 2,340 ($31.47).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 3,000 ($40.34) price objective on shares of Endeavour Mining in a research note on Friday, August 1st. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,300 ($44.38) price target on shares of Endeavour Mining in a research note on Thursday, July 31st.

Endeavour Mining Stock Performance

The firm has a 50-day moving average price of GBX 2,296.53 and a two-hundred day moving average price of GBX 2,006.20. The firm has a market cap of £7.41 billion, a price-to-earnings ratio of -21.72 and a beta of 0.92.

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.