Endeavour Mining (OTCMKTS:EDVMF) Trading Down 0.5% – Here’s What Happened

Endeavour Mining plc (OTCMKTS:EDVMF) shares were down 0.5% during trading on Wednesday . The company traded as low as $51.18 and last traded at $51.63. Approximately 10,344 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 28,962 shares. The stock had previously closed at $51.87.

Analyst Ratings Changes

Several research firms recently weighed in on EDVMF. Raymond James Financial restated an “outperform” rating on shares of Endeavour Mining in a research note on Friday, October 10th. Jefferies Financial Group reissued a “buy” rating on shares of Endeavour Mining in a report on Sunday, December 7th. Scotiabank restated an “outperform” rating on shares of Endeavour Mining in a report on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Endeavour Mining in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Endeavour Mining presently has a consensus rating of “Moderate Buy”.

Endeavour Mining Stock Down 0.5%

The stock has a 50 day simple moving average of $45.40 and a two-hundred day simple moving average of $38.89.

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.