Endeavour Mining (TSE:EDV) Stock Price Up 3.5% – Time to Buy?

Endeavour Mining Corp. (TSE:EDV) traded up 3.5% during mid-day trading on Tuesday. The stock traded as high as C$90.75 and last traded at C$90.13. Approximately 339,149 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 559,697 shares. The stock had previously closed at C$87.12.

Analysts Set New Price Targets

EDV has been the subject of several research analyst reports. National Bank Financial reduced their price target on shares of Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada cut Endeavour Mining from a “moderate buy” rating to a “hold” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$93.50.

Endeavour Mining Stock Down 2.2%

The company has a 50-day moving average of C$79.14 and a 200 day moving average of C$79.55. The stock has a market capitalization of C$20.32 billion, a PE ratio of 24.80 and a beta of 1.90.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society.