Endeavour Mining (TSE:EDV) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Endeavour Mining (TSE:EDV) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on EDV. CIBC decreased their price target on Endeavour Mining from C$44.00 to C$43.00 in a report on Monday, November 18th. BMO Capital Markets cut their price objective on Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. Ventum Cap Mkts raised Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Endeavour Mining has a consensus rating of “Buy” and an average price target of C$25.00.

Endeavour Mining Stock Performance

Shares of EDV stock opened at C$31.48 on Tuesday. The company has a market capitalization of C$7.67 billion, a P/E ratio of -31.48 and a beta of 0.92. Endeavour Mining has a fifty-two week low of C$21.11 and a fifty-two week high of C$34.84. The business has a 50 day simple moving average of C$27.20.

Endeavour Mining (TSE:EDV) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.41 EPS for the quarter, missing the consensus estimate of C$0.58 by C($0.17). Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%. During the same period in the prior year, the company posted $0.37 EPS. On average, research analysts predict that Endeavour Mining will post 4.4476987 EPS for the current year.

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.