Endeavour Mining (LON:EDV) Reaches New 12-Month High - Here's What Happened

Key Points

• Endeavour Mining's shares reached a new 52-week high of GBX 3,314 ($44.21) during trading, with a closing price of GBX 3,288.41 ($43.87) on the same day.
• Equities analysts have given an average rating of "Buy" for the stock, with price targets ranging from GBX 3,000 to GBX 4,300.
• Endeavour Mining is recognized as one of the largest gold producers in West Africa, with operations in Senegal, Côte d'Ivoire, and Burkina Faso.

Shares of Endeavour Mining plc (LON:EDV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,314 ($44.21) and last traded at GBX 3,288.41 ($43.87), with a volume of 3661421 shares changing hands. The stock had previously closed at GBX 3,083.39 ($41.13).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EDV shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 3,000 price objective on shares of Endeavour Mining in a research note on Friday, August 1st. Berenberg Bank lifted their price target on shares of Endeavour Mining from GBX 3,200 to GBX 4,300 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 3,650.

Endeavour Mining Stock Up 6.7%

The firm's 50-day moving average price is GBX 2,762.54 and its two-hundred day moving average price is GBX 2,371.52. The firm has a market capitalization of £7.92 billion, a PE ratio of 3,615.38 and a beta of 0.92.

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 in the highly prospective Birimian Greenstone Belt across West Africa.

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