Endeavour Mining’s (EDV) Strong-Buy Rating Reaffirmed at Raymond James

Endeavour Mining (TSE:EDV)‘s stock had its “strong-buy” rating restated by investment analysts at Raymond James in a report issued on Wednesday, BayStreet.CA reports. They currently have a C$37.00 price objective on the stock. Raymond James’ price objective would indicate a potential upside of 50.16% from the company’s previous close.

EDV has been the topic of several other research reports. CSFB lowered their target price on shares of Endeavour Mining from C$33.00 to C$32.00 in a report on Wednesday, August 7th. Royal Bank of Canada lowered their target price on shares of Endeavour Mining from C$34.00 to C$33.00 in a report on Friday, October 18th. Pi Financial lowered shares of Endeavour Mining from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$26.50 to C$32.00 in a report on Wednesday, July 24th. Berenberg Bank upped their target price on shares of Endeavour Mining from C$28.97 to C$29.11 in a report on Friday, November 1st. Finally, National Bank Financial lowered their target price on shares of Endeavour Mining from C$37.00 to C$34.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Endeavour Mining currently has a consensus rating of “Buy” and a consensus price target of C$32.73.

EDV stock opened at C$24.64 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.45 and a debt-to-equity ratio of 77.27. The company has a market capitalization of $2.77 billion and a price-to-earnings ratio of -17.09. Endeavour Mining has a 12 month low of C$16.34 and a 12 month high of C$28.98. The firm has a 50 day moving average of C$24.77 and a two-hundred day moving average of C$23.14.

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.

Further Reading: What are different types of coverage ratios?

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.