Endeavour Mining’s (EDV) Sector Perform Rating Reiterated at National Bank Financial

Endeavour Mining (TSE:EDV)‘s stock had its “sector perform” rating restated by equities researchers at National Bank Financial in a research note issued to investors on Friday. They presently have a C$26.00 target price on the stock. National Bank Financial’s target price would indicate a potential upside of 41.23% from the company’s current price.

A number of other equities analysts have also weighed in on EDV. Pi Financial cut their price objective on shares of Endeavour Mining from C$29.00 to C$26.25 and set a “buy” rating for the company in a research report on Friday, September 28th. Canaccord Genuity cut their price objective on shares of Endeavour Mining from C$35.50 to C$33.50 in a research report on Thursday, October 18th. Berenberg Bank cut their price objective on shares of Endeavour Mining from C$28.33 to C$22.55 in a research report on Wednesday, October 17th. BMO Capital Markets cut their price objective on shares of Endeavour Mining from C$35.00 to C$30.00 in a research report on Thursday, August 2nd. Finally, Raymond James cut their price objective on shares of Endeavour Mining from C$31.00 to C$28.00 in a research report on Friday, October 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$28.40.

EDV stock opened at C$18.41 on Friday. Endeavour Mining has a 52 week low of C$17.10 and a 52 week high of C$26.86. The company has a debt-to-equity ratio of 54.34, a current ratio of 1.57 and a quick ratio of 0.41.

In related news, insider Yousriya Loza-Sawiris purchased 48,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was purchased at an average price of C$19.52 per share, with a total value of C$942,816.00. Also, insider Mancha Holding S.A.R.L. La purchased 49,700 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were bought at an average cost of C$19.90 per share, with a total value of C$989,030.00. In the last three months, insiders bought 290,500 shares of company stock valued at $5,690,556.

About Endeavour Mining

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. The company owns interests in the Agbaou mine located in Abidjan, Côte d'Ivoire; Tabakoto mine situated in southwestern Mali; Karma mine located in Burkina Faso covering an area of 856 square kilometers; Ity Carbon-In-Leach project situated in Côte d'Ivoire; Houndé project located in Burkina Faso covering an area of 1,075 square kilometers; and Kalana project covering an area of 387 square kilometers situated in Mali.

See Also: How to Use a Moving Average for Trading 

Analyst Recommendations for Endeavour Mining (TSE:EDV)

Receive News & Ratings for Endeavour Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply