Endeavour Mining (TSE:EDV) Downgraded to “Hold” Rating by Cibc World Mkts

Cibc World Mkts lowered shares of Endeavour Mining (TSE:EDV) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

EDV has been the subject of several other reports. BMO Capital Markets reduced their price objective on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. TD Securities upgraded shares of Endeavour Mining to a “strong-buy” rating in a research note on Tuesday, February 4th. Ventum Cap Mkts raised shares of Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$9.00 target price on shares of Endeavour Mining and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, CIBC lowered shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$41.00 to C$37.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$23.50.

Endeavour Mining Trading Down 0.2 %

Shares of EDV opened at C$28.67 on Thursday. The company has a market cap of C$4.90 billion, a price-to-earnings ratio of -14.35 and a beta of 0.92. The business’s fifty day simple moving average is C$28.50 and its two-hundred day simple moving average is C$29.20. Endeavour Mining has a 12 month low of C$21.93 and a 12 month high of C$34.84.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.