Endeavour Mining (TSE:EDV) Reaches New 12-Month High - Still a Buy?

Key Points

• Endeavour Mining reached a new 52-week high with shares trading at C$47.68 before settling at C$46.12, showing strong market activity with over 236,000 shares traded.
• The company received positive ratings from several analysts, including an upgrade to "moderate buy" from the Royal Bank of Canada and a target price increase to C$57.00 from National Bankshares.
• Endeavour Mining operates in West Africa, holding assets across Senegal, Côte d'Ivoire, and Burkina Faso, and has a market capitalization of C$7.95 billion.

Endeavour Mining Corp. (TSE:EDV - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$47.68 and last traded at C$46.12, with a volume of 236562 shares trading hands. The stock had previously closed at C$46.03.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EDV shares. National Bankshares lifted their target price on 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 research report on Wednesday, June 4th. Three equities research 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 company presently has an average rating of "Buy" and a consensus target price of C$31.40.

Endeavour Mining Price Performance

The firm has a 50-day moving average of C$43.02 and a 200 day moving average of C$38.41. The stock has a market capitalization of C$8.13 billion, a price-to-earnings ratio of -23.84 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.