Endeavour Mining (TSE:EDV) Hits New 52-Week High – Here’s Why

Shares of Endeavour Mining Corp. (TSE:EDV) reached a new 52-week high on Tuesday . The company traded as high as C$49.40 and last traded at C$49.32, with a volume of 524994 shares traded. The stock had previously closed at C$47.75.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EDV. Royal Bank Of Canada upgraded shares of Endeavour Mining from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 4th. National Bankshares upped their price target on Endeavour Mining from C$51.00 to C$57.00 and gave the company an “outperform” rating in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$31.40.

Endeavour Mining Price Performance

The firm has a market cap of C$11.91 billion, a PE ratio of 54.34 and a beta of 0.59. The business has a 50-day moving average price of C$43.66 and a two-hundred day moving average price of C$39.18.

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.