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

Key Points

• Endeavour Mining's stock price fell by 9.7% to GBX 3,068 ($41.02), a significant drop from its previous close of GBX 3,398 ($45.43).
• Berenberg Bank raised its target price on the stock from GBX 3,200 to GBX 4,300, rating it a "buy," while Royal Bank of Canada set a price target of GBX 3,000.
• Endeavour Mining holds a market capitalization of £7.47 billion and is a leading gold producer in West Africa, operating primarily in Senegal, Côte d'Ivoire, and Burkina Faso.

Endeavour Mining plc (LON:EDV - Get Free Report)'s stock price traded down 9.7% during mid-day trading on Wednesday . 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).

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EDV shares. Berenberg Bank raised their target price on Endeavour Mining from GBX 3,200 to GBX 4,300 and gave the company a "buy" rating in a report on Tuesday, October 7th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 3,000 price target on shares of Endeavour Mining in a research note on Friday, August 1st. 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 target price of GBX 3,650.

Endeavour Mining Trading Up 1.1%

The company's fifty day moving average is GBX 2,894.86 and its 200-day moving average is GBX 2,444.89. The firm has a market capitalization of £7.47 billion, a P/E ratio of 34.09 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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