Endeavour Mining (TSE:EDV) Downgraded to Hold Rating by Cibc World Mkts

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

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

Endeavour Mining Trading Down 0.2 %

EDV opened at C$28.67 on Thursday. The stock’s 50-day moving average price is C$28.50 and its 200 day moving average price is C$29.20. Endeavour Mining has a 12-month low of C$21.93 and a 12-month high of C$34.84. The firm has a market cap of C$4.90 billion, a price-to-earnings ratio of -14.35 and a beta of 0.92.

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.