Endeavour Mining (TSE:EDV) Stock Price Passes Below 200 Day Moving Average of $31.78

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.

In other news, Director Sébastien De Montessus sold 26,500 shares of Endeavour Mining stock in a transaction dated Thursday, December 31st. The stock was sold at an average price of C$30.00, for a total value of C$795,000.00. Following the completion of the transaction, the director now owns 592,602 shares of the company’s stock, valued at approximately C$17,778,060.

About Endeavour Mining (TSE:EDV)

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project located in Côte 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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