Cibc World Mkts Downgrades Endeavour Mining (TSE:EDV) to Hold

Endeavour Mining (TSE:EDV) was downgraded by stock analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts have also recently commented on EDV. Ventum Financial set a C$9.00 price target on Endeavour Mining and gave the stock a “buy” rating in a research report on Wednesday, November 13th. CIBC cut Endeavour Mining from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$41.00 to C$37.00 in a report on Thursday. BMO Capital Markets dropped their target price on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Ventum Cap Mkts upgraded Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities upgraded Endeavour Mining to a “strong-buy” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Mining presently has a consensus rating of “Buy” and a consensus price target of C$23.50.

Endeavour Mining Stock Performance

Shares of EDV opened at C$28.67 on Thursday. Endeavour Mining has a one year low of C$21.93 and a one year high of C$34.84. The stock has a market capitalization of C$4.90 billion, a price-to-earnings ratio of -14.35 and a beta of 0.92. The stock has a 50 day moving average price of C$28.50 and a 200 day moving average price of C$29.20.

About Endeavour Mining

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.