Endeavour Mining (TSE:EDV) Stock Rating Upgraded by TD Securities

Endeavour Mining (TSE:EDV) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on EDV. Ventum Financial set a C$9.00 target price on shares of Endeavour Mining and gave the company a “buy” rating in a research note on Wednesday, November 13th. CIBC reduced their target price on shares of Endeavour Mining from C$44.00 to C$43.00 in a research note on Monday, November 18th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a research note 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 research note on Thursday, January 9th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$25.00.

Endeavour Mining Trading Up 3.9 %

Shares of TSE:EDV opened at C$31.48 on Tuesday. The firm has a market capitalization of C$7.67 billion, a P/E ratio of -31.48 and a beta of 0.92. The company has a 50-day simple moving average of C$27.20. Endeavour Mining has a 52-week low of C$21.11 and a 52-week high of C$34.84.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.41 earnings per share (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 last year, the company earned $0.37 earnings per share. Research analysts predict that Endeavour Mining will post 4.4476987 EPS for the current fiscal 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.