Endeavour Mining (TSE:EDV) Stock Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Endeavour Mining Corp. (TSE:EDV)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$79.84 and traded as high as C$82.18. Endeavour Mining shares last traded at C$81.05, with a volume of 483,907 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada cut Endeavour Mining from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 7th. National Bank Financial dropped their target price on Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group raised Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$93.50.

Endeavour Mining Stock Performance

The stock has a market cap of C$18.54 billion, a price-to-earnings ratio of 22.64 and a beta of 2.02. The business’s fifty day simple moving average is C$79.78 and its 200 day simple moving average is C$79.81.

Endeavour Mining Company Profile

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.