Endeavour Mining (TSE:EDV) Reaches New 52-Week 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)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$52.53 and last traded at C$52.52, with a volume of 385705 shares changing hands. The stock had previously closed at C$51.76.

Wall Street Analyst Weigh In

EDV has been the subject of several research reports. Royal Bank Of Canada raised shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. National Bankshares boosted 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. Three investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$31.40.

Endeavour Mining Trading Down 0.4%

The firm's 50-day moving average price is C$45.48 and its two-hundred day moving average price is C$40.36. The stock has a market cap of C$12.84 billion, a PE ratio of 58.58 and a beta of 0.68.

About Endeavour Mining

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.