Endeavour Mining (TSE:EDV) Hits New 52-Week High - Still a Buy?

Key Points

• Endeavour Mining Corp. shares reached a new 52-week high at C$49.40, showing strong trading activity with a volume of 524,994 shares.
• Analysts have upgraded the stock, with Royal Bank Of Canada raising it to a "moderate buy" and National Bankshares increasing the price target to C$57.00.
• The company's market cap stands at C$11.91 billion with a PE ratio of 54.34, indicating promising performance in the gold production sector across West Africa.

Endeavour Mining Corp. (TSE:EDV - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$49.40 and last traded at C$49.32, with a volume of 524994 shares traded. The stock had previously closed at C$47.75.

Analyst Ratings Changes

EDV has been the topic of a number of recent analyst reports. Royal Bank Of Canada upgraded shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 4th. National Bankshares boosted their price target on shares of Endeavour Mining from C$51.00 to C$57.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$31.40.

Endeavour Mining Stock Performance

The stock has a market cap of C$12.46 billion, a price-to-earnings ratio of 56.88 and a beta of 0.68. The company's 50 day simple moving average is C$44.35 and its two-hundred day simple moving average is C$39.66.

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.