CIBC Lowers Endeavour Mining (TSE:EDV) Price Target to C$43.00

Endeavour Mining (TSE:EDV) had its price objective dropped by CIBC from C$46.00 to C$43.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 41.12% from the company’s previous close.

Several other brokerages also recently commented on EDV. Berenberg Bank reaffirmed a “buy” rating and set a C$2,699.00 price objective on shares of Endeavour Mining in a research report on Thursday, November 11th. National Bank Financial cut their price objective on shares of Endeavour Mining to C$49.00 and set an “outperform” rating on the stock in a report on Friday, September 10th. Stifel Nicolaus lifted their price objective on shares of Endeavour Mining from C$47.50 to C$48.00 and gave the stock a “na” rating in a report on Friday, October 1st. Royal Bank of Canada lifted their target price on Endeavour Mining from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Monday, August 9th. Finally, National Bankshares lifted their target price on Endeavour Mining from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, November 12th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Endeavour Mining presently has a consensus rating of “Buy” and a consensus target price of C$247.77.

EDV stock opened at C$30.47 on Wednesday. The stock has a market capitalization of C$7.59 billion and a P/E ratio of 15.30. The company has a current ratio of 2.23, a quick ratio of 1.54 and a debt-to-equity ratio of 20.20. Endeavour Mining has a 12 month low of C$23.12 and a 12 month high of C$35.94. The firm has a 50-day moving average price of C$31.15 and a 200-day moving average price of C$29.66.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Thursday, November 11th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.54 by C$0.23. The business had revenue of C$871.35 million during the quarter, compared to the consensus estimate of C$660.49 million. As a group, equities analysts predict that Endeavour Mining will post 2.96 EPS for the current fiscal year.

Endeavour Mining Company Profile

Endeavour Mining Plc operates as a gold producer in West Africa. Its operating assets located in Senegal, Cote d'Ivoire, and Burkina Faso, as well as a portfolio of development projects and exploration assets in the Birimian Greenstone Belt across West Africa. Endeavour Mining Plc was incorporated in 2021 and is based in London, the United Kingdom.

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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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