Endeavour Mining (LON:EDV) Sets New 52-Week High - Time to Buy?

Key Points

• Endeavour Mining reached a new 52-week high at GBX 2,954 ($39.80), with significant trading volume of over 35 million shares on Monday.
• Research analysts have recently given Endeavour Mining a consensus rating of "Buy" with a target price of GBX 3,150, highlighting confidence in the company's future performance.
• The company is the largest gold producer in West Africa, with major operations in countries like Senegal and Côte d'Ivoire, along with a strong portfolio of development projects.

Endeavour Mining plc (LON:EDV - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as GBX 2,954 ($39.92) and last traded at GBX 2,954 ($39.92), with a volume of 35195191 shares changing hands. The stock had previously closed at GBX 2,828 ($38.22).

Analysts Set New Price Targets

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

Endeavour Mining Stock Performance

The company has a market capitalization of £7.21 billion, a PE ratio of 3,290.52 and a beta of 0.92. The stock's fifty day simple moving average is GBX 2,526.94 and its 200-day simple moving average is GBX 2,233.52.

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.