Endeavour Mining (TSE:EDV) Reaches New 1-Year High - Should You Buy?

Key Points

• Endeavour Mining Corp. reached a new 52-week high of C$47.88 in trading, closing at C$47.40 with a trading volume of 97,042 shares.
• Analyst ratings reflect optimism, with National Bankshares raising the target price to C$57.00 and a consensus rating of "Buy" from seven research analysts.
• The company, a gold producer in West Africa, has a market cap of C$8.07 billion and operates across countries including Senegal and Cote d'Ivoire.

Endeavour Mining Corp. (TSE:EDV - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$47.88 and last traded at C$47.40, with a volume of 97042 shares trading hands. The stock had previously closed at C$47.62.

Analyst Upgrades and Downgrades

Several brokerages have commented on EDV. National Bankshares boosted their price objective on shares of Endeavour Mining from C$51.00 to C$57.00 and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada raised Endeavour Mining from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$31.40.

Endeavour Mining Stock Performance

The firm has a market cap of C$7.90 billion, a P/E ratio of -23.15 and a beta of 0.92. The company's 50 day moving average is C$43.34 and its 200 day moving average is C$38.75.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.