Endeavour Mining Co. (TSE:EDV)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$31.78 and traded as low as C$25.50. Endeavour Mining shares last traded at C$26.44, with a volume of 894,382 shares changing hands.
Several analysts recently weighed in on EDV shares. Credit Suisse Group cut their price target on shares of Endeavour Mining to C$42.00 and set an “outperform” rating on the stock in a report on Tuesday, February 2nd. CIBC cut their price target on shares of Endeavour Mining from C$61.00 to C$46.00 in a report on Monday, February 8th. CSFB cut their price target on shares of Endeavour Mining from C$45.00 to C$42.00 in a report on Tuesday, February 2nd. Royal Bank of Canada cut their price target on shares of Endeavour Mining from C$51.00 to C$47.00 in a report on Monday, January 11th. Finally, BMO Capital Markets cut their price target on shares of Endeavour Mining from C$48.00 to C$46.00 in a report on Monday, November 16th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$48.20.
The firm has a 50-day moving average price of C$27.85 and a 200-day moving average price of C$31.78. The company has a debt-to-equity ratio of 35.88, a quick ratio of 1.39 and a current ratio of 2.12. The stock has a market cap of C$4.31 billion and a PE ratio of -46.71.
About Endeavour Mining (TSE:EDV)
Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the HoundÃ© mine located in Burkina Faso and the Ity CIL project located in CÃ´te d'Ivoire. As of December 31, 2019, the company had proved and probable reserves of 7.9 million ounces, as well as measured and indicated resources of 15.1 million ounces of gold.
Further Reading: Bear Market
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