Endeavour Mining (TSE:EDV) Downgraded to Hold Rating by Cibc World Mkts

Endeavour Mining (TSE:EDV) was downgraded by equities researchers at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on EDV. Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the stock a “buy” rating in a research note on Wednesday, November 13th. CIBC lowered shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$41.00 to C$37.00 in a research report on Thursday. Ventum Cap Mkts raised shares of Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities raised shares of Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets lowered their target price on shares of Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Endeavour Mining currently has an average rating of “Buy” and an average price target of C$23.50.

Endeavour Mining Stock Down 0.2 %

Shares of TSE:EDV opened at C$28.67 on Thursday. The company has a market capitalization of C$4.90 billion, a price-to-earnings ratio of -14.35 and a beta of 0.92. The firm has a 50 day moving average of C$28.50 and a 200 day moving average of C$29.20. Endeavour Mining has a 52 week low of C$21.93 and a 52 week high of C$34.84.

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.