Endeavour Mining (TSE:EDV) Stock Rating Lowered by Cibc World Mkts

Cibc World Mkts downgraded shares of Endeavour Mining (TSE:EDV) from a strong-buy rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

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

Endeavour Mining Stock Performance

Shares of EDV stock opened at C$28.67 on Thursday. The stock has a fifty day simple moving average of C$28.50 and a two-hundred day simple moving average of C$29.20. The firm has a market capitalization of C$4.90 billion, a PE ratio of -14.35 and a beta of 0.92. Endeavour Mining has a 52-week low of C$21.93 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.