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

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) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$45.49 and last traded at C$45.15, with a volume of 646453 shares traded. The stock had previously closed at C$42.21.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. National Bankshares increased their price target on shares of Endeavour Mining from C$51.00 to C$57.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada upgraded shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$31.40.

Endeavour Mining Price Performance

The stock has a market cap of C$7.76 billion, a price-to-earnings ratio of -22.75 and a beta of 0.92. The business's 50-day simple moving average is C$42.43 and its two-hundred day simple moving average is C$37.28.

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.