Endeavour Mining (LON:EDV) Sets New 12-Month High - What's Next?

Key Points

• Endeavour Mining's share price hit a new 52-week high at GBX 3,142 ($42.12), with a recent closing price of GBX 3,136 ($42.04).
• Analysts have a buy rating for Endeavour Mining, with price targets set at GBX 3,300 by Berenberg Bank and GBX 3,000 by Royal Bank Of Canada.
• Endeavour Mining is positioned as the largest gold producer in West Africa, with significant operations in Senegal, Côte d'Ivoire, and Burkina Faso.

Endeavour Mining plc (LON:EDV - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 3,142 ($42.12) and last traded at GBX 3,136 ($42.04), with a volume of 931310 shares changing hands. The stock had previously closed at GBX 3,070.90 ($41.17).

Analyst Ratings Changes

Several equities analysts have recently commented on EDV shares. Berenberg Bank restated a "buy" rating and set 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 set a GBX 3,000 price target on shares of Endeavour Mining in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Endeavour Mining has an average rating of "Buy" and an average price target of GBX 3,150.

Endeavour Mining Stock Performance

The firm's 50 day moving average is GBX 2,595.89 and its 200-day moving average is GBX 2,273.95. The firm has a market cap of £7.55 billion, a price-to-earnings ratio of 3,446.15 and a beta of 0.92.

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.

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