Endeavour Mining (LON:EDV) Shares Down 9.7% - Time to Sell?

Key Points

• Endeavour Mining's shares fell by 9.7% on Tuesday, trading at approximately GBX 3,068 ($41.02), significantly down from a previous close of GBX 3,398 ($45.43).
• Analysts have mixed outlooks, with RBC maintaining a price target of GBX 3,000, while Berenberg bank raised their target to GBX 4,300 and rated the stock a "buy."
• The company has a market capitalization of £7.39 billion and a consensus rating of "Buy" with a target price of GBX 3,650.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on EDV shares. Royal Bank Of Canada restated 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 increased their price objective 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 3,650.

Endeavour Mining Trading Down 9.7%

The firm has a market cap of £7.39 billion, a P/E ratio of 33.71 and a beta of 0.92. The company's 50-day moving average is GBX 2,894.86 and its two-hundred day moving average is GBX 2,444.89.

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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