Berenberg Bank Raises Endeavour Mining (LON:EDV) Price Target to GBX 3,000

Endeavour Mining (LON:EDVGet Rating) had its price target hoisted by equities researchers at Berenberg Bank from GBX 2,800 ($34.98) to GBX 3,000 ($37.48) in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 46.48% from the company’s previous close.

EDV has been the subject of a number of other reports. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,500 ($31.23) price target on shares of Endeavour Mining in a research note on Friday, March 25th. Liberum Capital restated a “sell” rating and set a GBX 1,316 ($16.44) target price on shares of Endeavour Mining in a research report on Thursday, January 20th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 2,060 ($25.73) price target on shares of Endeavour Mining in a research report on Thursday, April 14th. Finally, Barclays reissued an “overweight” rating and set a GBX 3,000 ($37.48) price objective on shares of Endeavour Mining in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 2,375.20 ($29.67).

Shares of EDV opened at GBX 2,048 ($25.58) on Thursday. The firm has a fifty day simple moving average of GBX 1,964.03 and a two-hundred day simple moving average of GBX 1,822.96. The firm has a market cap of £5.09 billion and a PE ratio of 28.55. The company has a current ratio of 2.41, a quick ratio of 1.77 and a debt-to-equity ratio of 20.36. Endeavour Mining has a 1-year low of GBX 1,505 ($18.80) and a 1-year high of GBX 2,176 ($27.18).

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 (LON:EDV)

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