Endeavour Mining (LON:EDV) Sets New 52-Week High – Time to Buy?

Endeavour Mining plc (LON:EDV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,688 and last traded at GBX 3,601.85, with a volume of 89005586 shares. The stock had previously closed at GBX 3,572.24.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 4,300 price objective on shares of Endeavour Mining in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Endeavour Mining has a consensus rating of “Buy” and an average target price of GBX 3,650.

Endeavour Mining Stock Up 0.8%

The firm’s 50 day simple moving average is GBX 3,270.04 and its 200 day simple moving average is GBX 2,767.88. The company has a market cap of £8.67 billion, a price-to-earnings ratio of 18.19 and a beta of 0.92.

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 in the highly prospective Birimian Greenstone Belt across West Africa.