Endeavour Mining (LON:EDV) Hits New 52-Week High - Here's Why

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 ($35.30) and last traded at GBX 2,596 ($35.06), with a volume of 3652923 shares. The stock had previously closed at GBX 2,536 ($34.25).

Analyst Ratings Changes

Several brokerages have recently weighed in on EDV. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 3,000 price objective on shares of Endeavour Mining in a report on Friday, August 1st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 3,300 target price on shares of Endeavour Mining in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 3,150.

Endeavour Mining Stock Up 2.4%

The company has a market capitalization of £6.26 billion, a P/E ratio of 2,852.75 and a beta of 0.92. The firm's 50-day moving average price is GBX 2,354.15 and its 200 day moving average price is GBX 2,106.38.

About Endeavour Mining

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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