Endeavour Mining (OTCMKTS:EDVMF) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Endeavour Mining plc (OTCMKTS:EDVMF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $50.83 and traded as high as $56.57. Endeavour Mining shares last traded at $55.5155, with a volume of 5,251 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Endeavour Mining in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Mining in a report on Friday, July 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Endeavour Mining in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Endeavour Mining currently has a consensus rating of “Buy”.

Endeavour Mining Stock Performance

The stock has a 50-day moving average price of $50.83 and a 200 day moving average price of $57.42.

About Endeavour Mining

Endeavour Mining is a gold production company with primary operations across West Africa. The company focuses on the exploration, development and extraction of gold resources, operating a portfolio of mines and development projects in Côte d’Ivoire, Burkina Faso and Mali. Production is complemented by regional exploration programs designed to identify additional gold deposits and extend mine life across its project portfolio.

Key operating assets include the Ity and Agbaou mines in Côte d’Ivoire, the Houndé mine in Burkina Faso and the Kalana project in Mali.