Endeavour Mining (LON:EDV) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Shares of Endeavour Mining plc (LON:EDV) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 4,252.11 and traded as low as GBX 4,076. Endeavour Mining shares last traded at GBX 4,099, with a volume of 413,784 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EDV shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,000 price objective on shares of Endeavour Mining in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,700 target price on shares of Endeavour Mining in a report on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their target price on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Finally, Royal Bank Of Canada cut Endeavour Mining to a “sector perform” rating and dropped their target price for the stock from GBX 5,100 to GBX 4,600 in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,100.

Endeavour Mining Stock Performance

The stock has a market cap of £10.07 billion, a P/E ratio of 12.29 and a beta of 1.14. The business’s 50-day moving average price is GBX 4,252.11 and its 200-day moving average price is GBX 4,295.46.

Endeavour Mining Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, October 9th. Investors of record on Friday, October 9th were given a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a yield of 111.0%. Endeavour Mining’s payout ratio is 42.65%.

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 in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.