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Bullboard - Stock Discussion Forum Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde... see more

TSX:EDV - Post Discussion

Endeavour Mining plc > Slowly closing in on GDX...
View:
Post by theCurse on Apr 11, 2024 11:49am

Slowly closing in on GDX...

Recovering nicely wrt GDX

https://schrts.co/ZtcjMIwW  (EDV vs GDX)

Unfortunately, despite all-time highs in the POG, gold stocks seriously lag. 

April 19 2022 - GDX $41.61 - EDV $34.02 - POG $1,964  
(highest GDX over the last couple of years)

April 10 2024 - - GDX $34.06 - EDV $30.19  - POG $2,360

I did sell 1/2 my positions in non-taxable/trading accounts earlier this week after multiple buys prior to the ex-div date when it was beat up with all the bad news.  dividend plus 25-30%  May sell more on any additional strength.   Nice profit and some chance of a big POG correction.

tC
Comment by galnakon on Apr 12, 2024 8:59am
Yes, EDV has been outperforming peers greatly for the last few days... Finally. Gold stocks’ 20 year underperformance may have ended recently with a double bottom. https://www.gold-eagle.com/sites/default/files/images2020/jc040624-11.jpg