Endeavour Mining (OTCMKTS:EDVMF) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Endeavour Mining plc (OTCMKTS:EDVMF)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $60.79 and traded as low as $56.43. Endeavour Mining shares last traded at $57.00, with a volume of 25,500 shares changing hands.

Analyst Ratings Changes

EDVMF has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Endeavour Mining in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Mining in a research note on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Endeavour Mining Trading Down 1.1%

The company has a 50 day simple moving average of $60.94 and a 200 day simple moving average of $57.00.

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.