Endeavour Mining (LON:EDV) Stock Rating Lowered by JPMorgan Chase & Co.

Endeavour Mining (LON:EDV) was downgraded by equities researchers at JPMorgan Chase & Co. to an “outperform” rating in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 5,900 target price on the stock, down from their previous target price of GBX 6,300. JPMorgan Chase & Co.‘s price target indicates a potential upside of 28.72% from the stock’s current price.

Separately, Berenberg Bank cut their price target on Endeavour Mining from GBX 5,500 to GBX 5,000 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Endeavour Mining currently has an average rating of “Buy” and an average price target of GBX 4,633.33.

Endeavour Mining Price Performance

Shares of Endeavour Mining stock traded down GBX 22.50 during trading hours on Tuesday, hitting GBX 4,583.50. 767,295 shares of the company’s stock traded hands, compared to its average volume of 5,318,726. Endeavour Mining has a 12-month low of GBX 1,688 and a 12-month high of GBX 5,360. The stock has a market capitalization of £11.08 billion, a price-to-earnings ratio of 16.73 and a beta of 1.07. The company has a fifty day simple moving average of GBX 4,526.97 and a 200-day simple moving average of GBX 3,853.41.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.