Berenberg Bank Lowers Endeavour Mining (LON:EDV) Price Target to GBX 5,000

Endeavour Mining (LON:EDV) had its price objective cut by research analysts at Berenberg Bank from GBX 5,500 to GBX 5,000 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 9.51% from the company’s previous close.

Endeavour Mining Stock Down 5.8%

Shares of EDV traded down GBX 282 during trading hours on Thursday, reaching GBX 4,566. The stock had a trading volume of 499,539 shares, compared to its average volume of 6,081,525. The company has a market cap of £10.99 billion, a P/E ratio of 23.06 and a beta of 0.85. Endeavour Mining has a 52 week low of GBX 1,578 and a 52 week high of GBX 5,360. The firm has a 50-day moving average of GBX 4,358.43 and a 200 day moving average of GBX 3,565.85.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte 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 meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.