Endeavour Mining (TSE:EDV) Sets New 1-Year High - Time to Buy?

Key Points

• Endeavour Mining Corp. shares reached a new 52-week high of C$52.53, closing at C$52.52, with a trading volume of 385,705 shares.
• Several analysts have upgraded the stock, with Royal Bank of Canada changing its rating from "hold" to "moderate buy" and National Bankshares raising their target price to C$57.00.
• The company's market capitalization stands at C$12.66 billion, and it has an average rating of "Buy" from analysts with a consensus price target of C$31.40.

Endeavour Mining Corp. (TSE:EDV - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$52.53 and last traded at C$52.52, with a volume of 385705 shares traded. The stock had previously closed at C$51.76.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in 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 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 note on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$31.40.

Endeavour Mining Stock Up 1.6%

The firm has a market capitalization of C$12.66 billion, a PE ratio of 57.80 and a beta of 0.68. The stock has a 50-day moving average price of C$44.35 and a 200 day moving average price of C$39.71.

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.

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