Endeavour Mining (TSE:EDV) Stock Rating Lowered by CIBC

Endeavour Mining (TSE:EDV) was downgraded by equities researchers at CIBC from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$37.00 price target on the stock, down from their previous price target of C$41.00. CIBC’s target price indicates a potential upside of 27.50% from the stock’s current price.

Other analysts have also recently issued research reports about the company. TD Securities upgraded Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Ventum Cap Mkts raised shares of Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. Ventum Financial set a C$9.00 price objective on shares of Endeavour Mining and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets reduced their target price on shares of Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$23.50.

Endeavour Mining Trading Down 5.0 %

TSE:EDV traded down C$1.52 during trading hours on Thursday, reaching C$29.02. The company had a trading volume of 711,326 shares, compared to its average volume of 407,662. The firm has a market cap of C$4.96 billion, a price-to-earnings ratio of -14.53 and a beta of 0.92. The firm’s 50 day moving average price is C$28.44 and its 200-day moving average price is C$29.20. Endeavour Mining has a 52 week low of C$21.50 and a 52 week 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.