Endeavour Mining (OTCMKTS:EDVMF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Endeavour Mining plc (OTCMKTS:EDVMF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $40.58 and traded as low as $38.97. Endeavour Mining shares last traded at $39.53, with a volume of 7,609 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on EDVMF. Scotiabank reaffirmed an “outperform” rating on shares of Endeavour Mining in a report on Thursday, October 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Mining in a report on Friday, October 10th. CIBC reiterated a “neutral” rating on shares of Endeavour Mining in a research report on Tuesday, July 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of Endeavour Mining in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Endeavour Mining Price Performance

The stock has a 50 day moving average price of $40.58 and a 200-day moving average price of $34.19.

Endeavour Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 23rd. Stockholders of record on Monday, September 29th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a dividend yield of 325.0%.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d'Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.