Endeavour Mining (LON:EDV) Shares Down 9.7% - What's Next?

Key Points

• Endeavour Mining's shares fell by 9.7%, trading as low as GBX 3,012 ($40.27), a significant decline from the previous close of GBX 3,398 ($45.43).
• Analysts have varying outlooks on the stock, with Berenberg Bank raising the price target to GBX 4,300 and maintaining a "buy" rating, while the average analyst rating remains at "buy" with a target price of GBX 3,650.
• Endeavour Mining is the largest gold producer in West Africa, with a market cap of £7.39 billion, featuring a strong portfolio of operating assets across multiple countries including Senegal and Côte d'Ivoire.

Endeavour Mining plc (LON:EDV - Get Free Report) shares traded 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). 790,112 shares traded hands during mid-day 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 Ratings Changes

A number of equities analysts have weighed in on the stock. Berenberg Bank upped 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 report on Tuesday, October 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 3,000 target price on shares of Endeavour Mining in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Endeavour Mining has an average rating of "Buy" and a consensus target price of GBX 3,650.

Endeavour Mining Stock Down 9.7%

The stock's 50 day moving average is GBX 2,894.86 and its 200-day moving average is GBX 2,444.89. The company has a market cap of £7.39 billion, a PE ratio of 33.71 and a beta of 0.92.

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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