Endeavour Mining (TSE:EDV) PT Raised to C$34.00

Endeavour Mining (TSE:EDV) had its target price lifted by National Bank Financial from C$33.00 to C$34.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Endeavour Mining’s FY2019 earnings at $0.86 EPS, FY2020 earnings at $2.17 EPS and FY2021 earnings at $3.62 EPS.

Several other analysts also recently weighed in on EDV. Raymond James set a C$31.00 price target on Endeavour Mining and gave the stock an outperform rating in a research note on Tuesday. Pi Financial upped their price target on Wesdome Gold Mines from C$4.10 to C$4.30 in a research note on Monday, March 25th. CSFB set a C$32.00 price target on Endeavour Mining and gave the stock an outperform rating in a research note on Tuesday, April 16th. Desjardins restated a buy rating and issued a C$30.00 price target on shares of Endeavour Mining in a research note on Tuesday, May 7th. Finally, Berenberg Bank upped their price target on Endeavour Mining from C$22.55 to C$24.35 in a research note on Tuesday, July 2nd. Six research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of C$30.48.

Shares of TSE:EDV opened at C$22.95 on Tuesday. Endeavour Mining has a 52-week low of C$16.34 and a 52-week high of C$24.45. The company has a market cap of $2.36 billion and a price-to-earnings ratio of -14.39. The stock has a 50 day moving average price of C$20.76. The company has a debt-to-equity ratio of 75.18, a current ratio of 1.15 and a quick ratio of 0.59.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C($0.05) earnings per share for the quarter, topping the consensus estimate of C($0.19) by C$0.14. The company had revenue of C$201.18 million during the quarter, compared to analysts’ expectations of C$163.22 million. On average, analysts forecast that Endeavour Mining will post 1.4699999 earnings per share for the current fiscal year.

In other Endeavour Mining news, Senior Officer Vincent Benoit sold 50,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$20.71, for a total transaction of C$1,035,500.00. Following the sale, the insider now directly owns 106,875 shares in the company, valued at approximately C$2,213,381.25.

Endeavour Mining Company Profile

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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