Endeavour Mining (TSE:EDV) Downgraded to Neutral Rating by CIBC

CIBC cut shares of Endeavour Mining (TSE:EDV) from an outperform rating to a neutral rating in a research note released on Thursday,BayStreet.CA reports. They currently have C$37.00 price target on the stock, down from their prior price target of C$41.00.

A number of other equities research analysts have also recently commented on the stock. Ventum Financial set a C$9.00 price target on shares of Endeavour Mining and gave the stock a “buy” rating in a report on Wednesday, November 13th. Ventum Cap Mkts raised Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities raised Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets decreased their price objective on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Endeavour Mining has an average rating of “Buy” and a consensus price target of C$23.50.

Endeavour Mining Stock Performance

TSE EDV opened at C$28.72 on Thursday. The company has a market capitalization of C$4.90 billion, a PE ratio of -14.38 and a beta of 0.92. Endeavour Mining has a 52-week low of C$21.50 and a 52-week high of C$34.84. The company has a 50-day simple moving average of C$28.44 and a 200 day simple moving average of C$29.20.

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.