Endeavour Mining plc (OTCMKTS:EDVMF) Short Interest Down 32.2% in January

Endeavour Mining plc (OTCMKTS:EDVMF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 2,088,364 shares, a decrease of 32.2% from the December 31st total of 3,080,986 shares. Based on an average trading volume of 33,077 shares, the short-interest ratio is presently 63.1 days. Based on an average trading volume of 33,077 shares, the short-interest ratio is presently 63.1 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EDVMF. Jefferies Financial Group reissued a “buy” rating on shares of Endeavour Mining in a research report on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Mining in a research report on Friday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Endeavour Mining in a report on Monday, January 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Endeavour Mining in a research report on Monday, January 26th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Endeavour Mining Price Performance

OTCMKTS EDVMF traded down $5.47 on Friday, hitting $55.51. 14,964 shares of the company were exchanged, compared to its average volume of 24,443. The company’s 50 day moving average price is $51.66 and its 200-day moving average price is $42.64. Endeavour Mining has a twelve month low of $19.23 and a twelve month high of $65.76.

Endeavour Mining Company Profile

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.