Endeavour Mining (LON:EDV) Shares Up 2.1% – Time to Buy?

Endeavour Mining plc (LON:EDV) shares shot up 2.1% during mid-day trading on Thursday . The stock traded as high as GBX 1,806 ($23.38) and last traded at GBX 1,791 ($23.18). 30,489,605 shares were traded during trading, an increase of 1,243% from the average session volume of 2,270,538 shares. The stock had previously closed at GBX 1,755 ($22.72).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 2,100 ($27.18) target price on shares of Endeavour Mining in a report on Thursday, March 6th.

Endeavour Mining Price Performance

The business has a fifty day moving average price of GBX 1,668.07 and a 200 day moving average price of GBX 1,640.68. The company has a market capitalization of £5.51 billion, a price-to-earnings ratio of -16.16 and a beta of 0.92.

Endeavour Mining Company Profile

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote 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 sustainable value to its employees, stakeholders and the communities where it operates.