Barclays Reiterates Buy Rating for Endeavour Mining (TSE:EDV)

Barclays reaffirmed their buy rating on shares of Endeavour Mining (TSE:EDVGet Rating) in a research report sent to investors on Wednesday morning, MarketBeat reports.

A number of other brokerages have also recently commented on EDV. Royal Bank of Canada reissued a buy rating and issued a C$2,500.00 price objective on shares of Endeavour Mining in a research note on Friday, March 25th. Morgan Stanley reissued a hold rating and set a C$2,060.00 price objective on shares of Endeavour Mining in a research note on Thursday, March 24th. Berenberg Bank lowered their price objective on Endeavour Mining from C$44.00 to C$42.00 in a research note on Tuesday, April 5th. Pi Financial reissued a buy rating on shares of Endeavour Mining in a research report on Monday, February 7th. Finally, Haywood Securities raised their target price on shares of Endeavour Mining from C$46.00 to C$50.00 and gave the stock a buy rating in a report on Wednesday, April 6th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Endeavour Mining currently has an average rating of Buy and a consensus target price of C$707.11.

Shares of EDV stock opened at C$31.87 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.77 and a debt-to-equity ratio of 20.36. The stock has a market capitalization of C$7.92 billion and a price-to-earnings ratio of 27.66. Endeavour Mining has a 12-month low of C$25.50 and a 12-month high of C$35.94. The stock’s 50-day moving average price is C$32.39 and its 200-day moving average price is C$30.71.

Endeavour Mining (TSE:EDVGet Rating) last released its quarterly earnings data on Thursday, March 17th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.66 by C$0.07. The firm had revenue of C$878.74 million during the quarter, compared to the consensus estimate of C$899.35 million. As a group, research analysts predict that Endeavour Mining will post 1.1599999 EPS for the current fiscal year.

In other news, Senior Officer Pascal Bernasconi sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of C$30.79, for a total transaction of C$769,750.00. Following the transaction, the insider now owns 68,787 shares in the company, valued at C$2,117,951.73. Also, Senior Officer Patrick Bouisset sold 450,000 shares of Endeavour Mining stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of C$30.54, for a total transaction of C$13,743,000.00. Following the completion of the sale, the insider now owns 116,205 shares of the company’s stock, valued at C$3,548,900.70.

Endeavour Mining Company Profile (Get Rating)

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes 90% owned Houndé, Mana, Boungou, and Wahgnion mines in Burkina Faso; 85% owned Ity mine located in Côte d'Ivoire; 90% owned Sabodala-Massawa mine situated in Senegal; and Fetekro, Kalana, Bantou, Nabanga, and Afema development projects.

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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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