Endeavour Mining (LON:EDV) Stock Price Down 3.3% – Here’s What Happened

Endeavour Mining plc (LON:EDV) was down 3.3% during trading on Thursday . The stock traded as low as GBX 3,645 and last traded at GBX 3,743. Approximately 1,813,779 shares traded hands during trading, a decline of 87% from the average session volume of 13,683,173 shares. The stock had previously closed at GBX 3,872.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EDV shares. JPMorgan Chase & Co. dropped their price target on Endeavour Mining from GBX 5,900 to GBX 5,700 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Berenberg Bank lifted their price objective on shares of Endeavour Mining from GBX 5,100 to GBX 6,000 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 6,000 target price on shares of Endeavour Mining in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Endeavour Mining has a consensus rating of “Buy” and an average target price of GBX 5,900.

Endeavour Mining Trading Down 3.3%

The stock has a 50-day simple moving average of GBX 4,377.14 and a 200 day simple moving average of GBX 4,330.91. The stock has a market capitalization of £9.03 billion, a price-to-earnings ratio of 10.76 and a beta of 1.10.

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. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.