Endeavour Mining (EDV) Reaches New 1-Year High at $23.15

Endeavour Mining Corp (TSE:EDV)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$23.15 and last traded at C$23.00, with a volume of 108709 shares. The stock had previously closed at C$22.08.

EDV has been the subject of a number of analyst reports. Scotiabank set a C$33.00 price target on Endeavour Mining and gave the stock an “outperform” rating in a report on Monday, February 26th. Berenberg Bank reaffirmed a “buy” rating and issued a C$28.33 target price on shares of Endeavour Mining in a research report on Friday, March 9th. BMO Capital Markets upped their target price on Endeavour Mining from C$34.00 to C$35.00 in a research report on Wednesday, March 28th. Canaccord Genuity upped their target price on Endeavour Mining from C$37.00 to C$38.50 in a research report on Monday, April 23rd. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$31.00 target price on shares of Endeavour Mining in a research report on Tuesday, April 24th.

Endeavour Mining (TSE:EDV) last announced 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 company had revenue of C$262.91 million for 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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