Berenberg Bank Reaffirms “Buy” Rating for Endeavour Mining (LON:EDV)

Endeavour Mining (LON:EDV)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 4,800 price target on the stock. Berenberg Bank‘s price objective suggests a potential upside of 24.32% from the company’s previous close.

A number of other research firms also recently weighed in on EDV. JPMorgan Chase & Co. lowered their price target on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,700 price objective on shares of Endeavour Mining in a report on Tuesday, November 3rd. Finally, Royal Bank Of Canada lowered Endeavour Mining to a “sector perform” rating and reduced their price objective for the company from GBX 5,100 to GBX 4,600 in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Endeavour Mining has a consensus rating of “Moderate Buy” and an average target price of GBX 5,050.

Endeavour Mining Stock Performance

Shares of LON:EDV opened at GBX 3,861 on Thursday. Endeavour Mining has a 52-week low of GBX 3,028.41 and a 52-week high of GBX 5,360. The firm has a fifty day moving average of GBX 4,247.43 and a 200 day moving average of GBX 4,294.88. The firm has a market capitalization of £9.31 billion, a PE ratio of 11.36 and a beta of 1.14.

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.