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

Key Points

• Endeavour Mining's stock price fell 9.7% on Tuesday, reaching a last traded price of GBX 3,068 ($41.02).
• Despite the drop, Berenberg Bank recently increased their price target from GBX 3,200 to GBX 4,300 and rated the stock as a "buy."
• The company is valued at approximately £7.39 billion and is the largest gold producer in West Africa, with significant operational assets in the region.

Endeavour Mining plc (LON:EDV - Get Free Report)'s share price dropped 9.7% during trading 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 changed 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).

Analyst Ratings Changes

EDV has been the topic of a number of recent analyst reports. Berenberg Bank boosted their price objective on 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 reissued an "outperform" rating and issued a GBX 3,000 price objective on shares of Endeavour Mining in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 3,650.

Endeavour Mining Stock Down 9.7%

The business has a fifty day moving average of GBX 2,894.86 and a 200 day moving average of GBX 2,444.89. The firm has a market cap of £7.39 billion, a P/E 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.