Endeavour Mining (TSE:EDV) Upgraded to “Strong-Buy” at TD Securities

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

A number of other research analysts have also recently commented on the company. CIBC lowered their price objective on Endeavour Mining from C$44.00 to C$43.00 in a research report on Monday, November 18th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets reduced their price target on shares of Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Endeavour Mining presently has an average rating of “Buy” and a consensus price target of C$25.00.

Endeavour Mining Price Performance

EDV opened at C$31.48 on Tuesday. The stock has a market cap of C$7.67 billion, a price-to-earnings ratio of -31.48 and a beta of 0.92. The business has a 50 day simple moving average of C$27.20. Endeavour Mining has a 1-year low of C$21.11 and a 1-year high of C$34.84.

Endeavour Mining (TSE:EDV) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.58 by C($0.17). Endeavour Mining had a negative return on equity of 3.62% and a negative net margin of 8.83%. During the same period last year, the business posted $0.37 EPS. On average, sell-side analysts forecast 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.