Endeavour Mining (OTCMKTS:EDVMF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Endeavour Mining plc (OTCMKTS:EDVMF)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $60.79 and traded as low as $56.43. Endeavour Mining shares last traded at $57.00, with a volume of 25,500 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EDVMF shares. Morgan Stanley reiterated an “overweight” rating on shares of Endeavour Mining in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Endeavour Mining in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Endeavour Mining Stock Down 4.5%

The company’s fifty day moving average is $60.79 and its 200 day moving average is $56.79.

About Endeavour Mining

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.