Endeavour Mining (TSE:EDV) Sets New 52-Week High - Here's Why

Key Points

• Endeavour Mining's shares reached a new 52-week high of C$45.49 during trading, indicating a positive trend in stock performance.
• Analysts have recently upgraded Endeavour Mining's stock rating, with Royal Bank Of Canada changing it from "hold" to "moderate buy" and National Bankshares increasing the price target from C$51.00 to C$57.00.
• The company, a significant gold producer in West Africa, has a market capitalization of C$7.70 billion and operates primarily in Senegal, Cote d'Ivoire, and Burkina Faso.

Endeavour Mining Corp. (TSE:EDV - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$45.49 and last traded at C$45.15, with a volume of 646453 shares. The stock had previously closed at C$42.21.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada upgraded Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. National Bankshares increased 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. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Endeavour Mining has an average rating of "Buy" and an average price target of C$31.40.

Endeavour Mining Trading Down 1.1%

The company has a 50-day moving average price of C$42.35 and a two-hundred day moving average price of C$37.09. The stock has a market cap of C$7.68 billion, a P/E ratio of -22.52 and a beta of 0.92.

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.