Endeavour Mining (TSE:EDV) Price Target Cut to C$8.00 by Analysts at BMO Capital Markets

Endeavour Mining (TSE:EDV) had its target price cut by stock analysts at BMO Capital Markets from C$8.50 to C$8.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential downside of 70.15% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Ventum Cap Mkts raised shares of Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, CIBC reduced their target price on Endeavour Mining from C$44.00 to C$43.00 in a research note on Monday, November 18th.

Endeavour Mining Price Performance

Endeavour Mining stock traded up C$0.35 during mid-day trading on Thursday, reaching C$26.80. The company’s stock had a trading volume of 72,396 shares, compared to its average volume of 267,941. Endeavour Mining has a 12 month low of C$21.11 and a 12 month high of C$34.84. The firm’s 50 day simple moving average is C$27.57. The stock has a market cap of C$6.53 billion, a P/E ratio of -26.80 and a beta of 0.92.

Endeavour Mining Company Profile

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.