Endeavour Mining (LON:EDV) Sets New 52-Week High - Should You Buy?

Key Points

• Endeavour Mining's stock reached a new 52-week high, trading at GBX 2,614 ($35.30), marking a significant increase from its previous close of GBX 2,536 ($34.25).
• Analyst ratings for Endeavour Mining remain positive, with a consensus rating of "Buy" and an average price target of GBX 3,150 from firms like Royal Bank of Canada and Berenberg Bank.
• The company is noted as the largest gold producer in West Africa and is committed to sustainable mining practices across its operations in several African countries.

Endeavour Mining plc (LON:EDV - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 2,614 ($35.12) and last traded at GBX 2,596 ($34.88), with a volume of 3652923 shares. The stock had previously closed at GBX 2,536 ($34.07).

Analysts Set New Price Targets

EDV has been the subject of a number of research reports. Berenberg Bank restated a "buy" rating and issued a GBX 3,300 price target on shares of Endeavour Mining in a report on Thursday, July 31st. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 3,000 price target on shares of Endeavour Mining in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 3,150.

Endeavour Mining Stock Performance

The business's fifty day moving average is GBX 2,387.35 and its two-hundred day moving average is GBX 2,127.50. The company has a market cap of £6.66 billion, a P/E ratio of 3,037.35 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.