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

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

Other research analysts have also recently issued research reports about the stock. Ventum Financial set a C$9.00 target price on shares of Endeavour Mining and gave the stock a “buy” rating in a report on Wednesday, November 13th. Ventum Cap Mkts upgraded Endeavour Mining to a “strong-buy” rating in a research note on Wednesday, November 13th. BMO Capital Markets lowered their target price on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. TD Securities raised Endeavour Mining to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, CIBC downgraded 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 report on Thursday. Three analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$23.50.

Endeavour Mining Trading Down 0.2 %

EDV opened at C$28.67 on Thursday. Endeavour Mining has a 12-month low of C$21.93 and a 12-month high of C$34.84. The firm has a 50 day moving average of C$28.50 and a two-hundred day moving average of C$29.20. The firm has a market capitalization of C$4.90 billion, a PE ratio of -14.35 and a beta of 0.92.

About Endeavour Mining

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.