Endeavour Mining (LON:EDV) Hits 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)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,446 ($32.48) and last traded at GBX 2,426 ($32.21), with a volume of 147483 shares changing hands. The stock had previously closed at GBX 2,340 ($31.07).

Analyst Ratings Changes

EDV has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 3,000 ($39.84) price target on shares of Endeavour Mining in a report on Friday. Berenberg Bank reissued a "buy" rating and issued a GBX 3,300 ($43.82) price target on shares of Endeavour Mining in a report on Thursday.

Endeavour Mining Stock Performance

The firm has a market capitalization of £7.35 billion, a price-to-earnings ratio of -21.54 and a beta of 0.92. The company has a 50 day moving average price of GBX 2,280.77 and a two-hundred day moving average price of GBX 1,986.77.

Endeavour Mining (LON:EDV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported GBX 71 ($0.94) earnings per share for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. On average, equities analysts expect that Endeavour Mining plc will post 246.761658 earnings per share for the current fiscal year.

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.

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