National Bank Financial Boosts Endeavour Mining (TSE:EDV) Price Target to C$34.50

Endeavour Mining (TSE:EDV) had its price target increased by National Bank Financial from C$34.00 to C$34.50 in a report issued on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Endeavour Mining’s FY2019 earnings at $1.13 EPS, FY2020 earnings at $2.21 EPS and FY2021 earnings at $3.70 EPS.

EDV has been the subject of several other reports. Berenberg Bank upped their price target on Endeavour Mining from C$24.35 to C$28.97 in a research note on Monday, July 29th. Desjardins upped their price target on Endeavour Mining from C$30.00 to C$32.00 in a research note on Wednesday, July 17th. Pi Financial lowered Endeavour Mining from a buy rating to a neutral rating and upped their price target for the stock from C$26.50 to C$32.00 in a research note on Wednesday, July 24th. Raymond James restated an outperform rating and set a C$34.00 price target on shares of Endeavour Mining in a research note on Friday, August 2nd. Finally, Royal Bank of Canada increased their target price on Endeavour Mining from C$30.00 to C$33.00 in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Endeavour Mining has a consensus rating of Buy and an average price target of C$32.50.

Shares of TSE:EDV opened at C$25.65 on Monday. The firm has a market capitalization of $2.91 billion and a PE ratio of -17.79. The company has a debt-to-equity ratio of 77.27, a current ratio of 1.45 and a quick ratio of 0.62. The business has a 50-day moving average of C$25.04 and a two-hundred day moving average of C$21.45. Endeavour Mining has a 12 month low of C$16.34 and a 12 month high of C$28.27.

In other news, Senior Officer Henri De Joux sold 10,500 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$27.54, for a total value of C$289,170.00. Following the completion of the sale, the insider now owns 9,279 shares in the company, valued at C$255,543.66. Also, Senior Officer Vincent Benoit sold 50,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$20.71, for a total value of C$1,035,500.00. Following the completion of the sale, the insider now owns 106,875 shares of the company’s stock, valued at approximately C$2,213,381.25. In the last quarter, insiders sold 123,200 shares of company stock valued at $2,994,104.

About Endeavour Mining

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.

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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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