Endeavour Mining (OTCMKTS:EDVMF) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Endeavour Mining plc (OTCMKTS:EDVMF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.76 and traded as high as $28.88. Endeavour Mining shares last traded at $28.73, with a volume of 86,459 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on EDVMF. Barclays reiterated an “overweight” rating on shares of Endeavour Mining in a research note on Wednesday. TD Securities started coverage on shares of Endeavour Mining in a report on Tuesday, February 4th. They issued a “buy” rating on the stock.

Endeavour Mining Stock Performance

The stock has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $21.23.

Endeavour Mining Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Endeavour Mining’s previous dividend of $0.41.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d'Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.