Desjardins Boosts Endeavour Mining (TSE:EDV) Price Target to C$32.00
Endeavour Mining (TSE:EDV) had its target price hoisted by Desjardins from C$30.00 to C$32.00 in a research report released on Wednesday, BayStreet.CA reports. Desjardins also issued estimates for Endeavour Mining’s Q2 2019 earnings at $0.17 EPS.
Several other analysts also recently weighed in on the company. Royal Bank of Canada restated an underperform rating and issued a GBX 215 ($2.81) price objective on shares of in a report on Wednesday, June 26th. Raymond James set a C$31.00 target price on shares of Endeavour Mining and gave the stock an outperform rating in a report on Tuesday, July 9th. Berenberg Bank boosted their target price on shares of Endeavour Mining from C$22.55 to C$24.35 in a report on Tuesday, July 2nd. CSFB set a C$32.00 target price on shares of Endeavour Mining and gave the stock an outperform rating in a report on Tuesday, April 16th. Finally, Pi Financial boosted their target price on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a report on Monday, March 25th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of C$30.71.
EDV stock opened at C$25.30 on Wednesday. The company has a debt-to-equity ratio of 75.18, a current ratio of 1.15 and a quick ratio of 0.59. The company has a 50-day moving average price of C$21.37. The company has a market capitalization of $2.78 billion and a P/E ratio of -15.86. Endeavour Mining has a 1-year low of C$16.34 and a 1-year high of C$25.45.
In other news, Senior Officer Vincent Benoit sold 50,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$20.71, for a total transaction of C$1,035,500.00. Following the transaction, the insider now owns 106,875 shares in the company, valued at C$2,213,381.25.
About Endeavour Mining
Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.
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