Endeavour Mining (OTCMKTS:EDVMF) Shares Down 0.5% – Time to Sell?

by · The Markets Daily

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on EDVMF. Jefferies Financial Group restated a “buy” rating on shares of Endeavour Mining in a report on Sunday, December 7th. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Mining in a research report on Friday, October 10th. Scotiabank restated an “outperform” rating on shares of Endeavour Mining in a report on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Endeavour Mining in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Report on EDVMF

Endeavour Mining Stock Down 0.5%

The company’s fifty day moving average price is $45.20 and its 200 day moving average price is $38.81.

About Endeavour Mining

(Get Free Report)

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.

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