Endeavour Mining (OTCMKTS:EDVMF) Stock Price Down 2%

Endeavour Mining Co. (OTCMKTS:EDVMF) shares dropped 2% on Monday . The stock traded as low as $23.12 and last traded at $23.54. Approximately 16,447 shares changed hands during trading, a decline of 39% from the average daily volume of 26,808 shares. The stock had previously closed at $24.01.

EDVMF has been the topic of several recent research reports. Scotiabank raised their price objective on shares of Endeavour Mining from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. CIBC raised their price objective on shares of Endeavour Mining from $45.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. BMO Capital Markets cut their price objective on shares of Endeavour Mining from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 16th. Berenberg Bank raised their price objective on shares of Endeavour Mining from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, November 25th. Finally, Royal Bank of Canada lifted their price target on shares of Endeavour Mining from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, November 19th. Six analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $50.67.

The stock’s 50 day moving average price is $23.61 and its two-hundred day moving average price is $25.22.

About Endeavour Mining (OTCMKTS:EDVMF)

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.

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