Endeavour Mining (LON:EDV) Trading Down 9.7% – Here’s Why

Endeavour Mining plc (LON:EDV)’s stock price dropped 9.7% on Wednesday . The stock traded as low as GBX 3,012 ($40.27) and last traded at GBX 3,068 ($41.02). Approximately 790,112 shares were traded during trading, a decline of 31% from the average daily volume of 1,153,031 shares. The stock had previously closed at GBX 3,398 ($45.43).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EDV shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 3,000 price objective on shares of Endeavour Mining in a report on Friday, August 1st. Berenberg Bank raised their price target on shares of Endeavour Mining from GBX 3,200 to GBX 4,300 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Endeavour Mining currently has a consensus rating of “Buy” and a consensus price target of GBX 3,650.

Endeavour Mining Stock Up 1.1%

The stock has a 50 day moving average of GBX 2,894.86 and a 200 day moving average of GBX 2,444.89. The company has a market capitalization of £7.47 billion, a price-to-earnings ratio of 34.09 and a beta of 0.92.

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.