Shares of Endeavour Mining Corp (TSE:EDV) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$32.73.
Several equities analysts have commented on the stock. National Bank Financial decreased their price objective on shares of Endeavour Mining from C$37.00 to C$34.00 in a report on Monday, October 21st. CSFB decreased their price objective on shares of Endeavour Mining from C$33.00 to C$32.00 in a report on Wednesday, August 7th. Raymond James reiterated a “strong-buy” rating and issued a C$37.00 price objective on shares of Endeavour Mining in a report on Wednesday, November 6th. Berenberg Bank upped their price objective on shares of Endeavour Mining from C$28.97 to C$29.11 in a report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Endeavour Mining from C$34.00 to C$33.00 in a report on Friday, October 18th.
Shares of TSE:EDV traded up C$0.26 on Wednesday, hitting C$25.15. The company had a trading volume of 288,980 shares, compared to its average volume of 259,589. Endeavour Mining has a 1-year low of C$16.36 and a 1-year high of C$28.98. The stock has a market cap of $2.76 billion and a price-to-earnings ratio of -15.98. The stock has a 50 day moving average price of C$23.99 and a 200 day moving average price of C$23.81. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 79.77.
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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