Endeavour Mining (OTCMKTS:EDVMF) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Endeavour Mining plc (OTCMKTS:EDVMF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $61.27 and traded as high as $66.45. Endeavour Mining shares last traded at $64.94, with a volume of 40,464 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EDVMF shares. Morgan Stanley reiterated an “overweight” rating on shares of Endeavour Mining in a research report on Friday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Mining in a report on Tuesday, April 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Endeavour Mining in a report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Endeavour Mining currently has a consensus rating of “Buy”.

Endeavour Mining Trading Down 2.2%

The stock’s 50 day moving average price is $61.27 and its 200 day moving average price is $54.30.

Endeavour Mining Company Profile

Endeavour Mining is a gold production company with primary operations across West Africa. The company focuses on the exploration, development and extraction of gold resources, operating a portfolio of mines and development projects in Côte d’Ivoire, Burkina Faso and Mali. Production is complemented by regional exploration programs designed to identify additional gold deposits and extend mine life across its project portfolio.

Key operating assets include the Ity and Agbaou mines in Côte d’Ivoire, the Houndé mine in Burkina Faso and the Kalana project in Mali.