Endeavour Mining (LON:EDV) Shares Down 9.7% - Should You Sell?

Key Points

• Endeavour Mining's shares dropped by 9.7%, trading as low as GBX 3,012 and closing at GBX 3,068.
• Analysts have mixed opinions; Berenberg Bank upgraded their price target to GBX 4,300 while RBC maintains a lower target of GBX 3,000.
• The company has a market capitalization of £7.48 billion and holds the title of the largest gold producer in West Africa.

Endeavour Mining plc (LON:EDV - Get Free Report)'s share price fell 9.7% during mid-day trading on Tuesday . The stock traded as low as GBX 3,012 ($40.27) and last traded at GBX 3,068 ($41.02). 790,112 shares traded hands during trading, a decline of 31% from the average session volume of 1,153,031 shares. The stock had previously closed at GBX 3,398 ($45.43).

Analyst Upgrades and Downgrades

Several research firms have issued reports on EDV. Berenberg Bank raised 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 note on Tuesday, October 7th. 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 3,650.

Endeavour Mining Stock Performance

The firm has a market capitalization of £7.48 billion, a PE ratio of 34.13 and a beta of 0.92. The company's fifty day moving average price is GBX 2,894.86 and its two-hundred day moving average price is GBX 2,444.89.

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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