Endeavour Mining (LON:EDV) Sets New 52-Week High - Still a Buy?

Key Points

• Endeavour Mining shares reached a new 52-week high of GBX 2,893.34 ($39.23) during trading, closing at GBX 2,886 ($39.13).
• Analysts have given Endeavour Mining an average rating of "Buy", with price targets of GBX 3,300 and GBX 3,000 from Berenberg Bank and Royal Bank of Canada, respectively.
• The company is valued at approximately £6.94 billion and is recognized as one of the largest gold producers in West Africa.

Shares of Endeavour Mining plc (LON:EDV - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 2,893.34 ($39.22) and last traded at GBX 2,886 ($39.12), with a volume of 592860 shares. The stock had previously closed at GBX 2,827.99 ($38.33).

Analyst Ratings Changes

A number of research analysts have commented 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 report on Friday, August 1st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 3,300 price objective on shares of Endeavour Mining in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 3,150.

Endeavour Mining Price Performance

The stock has a market capitalization of £6.81 billion, a P/E ratio of 3,107.69 and a beta of 0.92. The firm has a 50-day simple moving average of GBX 2,502.21 and a 200 day simple moving average of GBX 2,206.76.

Endeavour Mining Company Profile

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.