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

Key Points

• Endeavour Mining's stock (LON:EDV) experienced a significant decline of 9.7%, closing at GBX 3,068 ($41.02) after hitting a low of GBX 3,012 ($40.27).
• Analysts have mixed views, with Royal Bank Of Canada maintaining an "outperform" rating and a price target of GBX 3,000, while Berenberg Bank raised their target to GBX 4,300 with a "buy" rating.
• The stock has a current market capitalization of £7.39 billion and shows a price-to-earnings ratio of 33.71, reflecting its position in the gold production sector in West Africa.

Endeavour Mining plc (LON:EDV - Get Free Report) traded down 9.7% during 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 were traded 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 Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 3,000 price target on shares of Endeavour Mining in a research report on Friday, August 1st. Berenberg Bank lifted 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 3,650.

Endeavour Mining Price Performance

The stock's 50 day simple moving average is GBX 2,894.86 and its two-hundred day simple moving average is GBX 2,444.89. The stock has a market cap of £7.39 billion, a price-to-earnings 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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