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

CIBC lowered shares of Endeavour Mining (TSE:EDV) from an outperform rating to a neutral rating in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has C$37.00 target price on the stock, down from their prior target price of C$41.00.

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

Endeavour Mining Trading Down 6.0 %

Endeavour Mining stock opened at C$28.72 on Thursday. Endeavour Mining has a 1-year low of C$21.50 and a 1-year high of C$34.84. The firm has a market capitalization of C$4.90 billion, a PE ratio of -14.38 and a beta of 0.92. The firm’s 50 day simple moving average is C$28.44 and its 200 day simple moving average is 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.