Raymond James Reaffirms “Outperform” Rating for Endeavour Mining (EDV)

Raymond James reaffirmed their outperform rating on shares of Endeavour Mining (TSE:EDV) in a report issued on Tuesday morning. The firm currently has a C$31.00 price objective on the stock.

Several other analysts have also recently issued reports on the company. BMO Capital Markets increased their target price on Endeavour Mining from C$34.00 to C$35.00 in a research report on Wednesday, March 28th. Berenberg Bank reiterated a buy rating and set a C$28.33 target price on shares of Endeavour Mining in a research report on Friday, March 9th. Scotiabank set a C$33.00 target price on Endeavour Mining and gave the stock an outperform rating in a research report on Monday, February 26th. Finally, Canaccord Genuity increased their target price on Endeavour Mining from C$37.00 to C$39.00 in a research report on Friday, January 19th.

Shares of EDV opened at C$21.63 on Tuesday. Endeavour Mining has a 52 week low of C$19.77 and a 52 week high of C$26.86.

Endeavour Mining (TSE:EDV) last released its earnings results on Tuesday, March 13th. The company reported C$0.70 earnings per share (EPS) for the quarter. Endeavour Mining had a negative return on equity of 11.08% and a negative net margin of 19.12%. The firm had revenue of C$262.91 million during the quarter.

About Endeavour Mining

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. The company owns interests in the Agbaou mine located in Abidjan, Côte d'Ivoire; Tabakoto mine situated in southwestern Mali; Karma mine located in Burkina Faso covering an area of 856 square kilometers; Ity Carbon-In-Leach project situated in Côte d'Ivoire; Houndé project located in Burkina Faso covering an area of 1,075 square kilometers; and Kalana project covering an area of 387 square kilometers situated in Mali.

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