Endeavour Mining (TSE:EDV) had its price target hoisted by research analysts at National Bank Financial from C$33.00 to C$34.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 51.04% from the stock’s current price. National Bank Financial also issued estimates for Endeavour Mining’s FY2019 earnings at $0.86 EPS, FY2020 earnings at $2.17 EPS and FY2021 earnings at $3.62 EPS.
A number of other analysts also recently weighed in on EDV. Raymond James set a C$31.00 price target on Endeavour Mining and gave the company an “outperform” rating in a research note on Tuesday. Berenberg Bank lifted their price target on Endeavour Mining from C$22.55 to C$24.35 in a research note on Tuesday, July 2nd. Pi Financial lifted their price target on Wesdome Gold Mines from C$4.10 to C$4.30 in a research note on Monday, March 25th. CSFB set a C$32.00 price target on Endeavour Mining and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Desjardins restated a “buy” rating and issued a C$30.00 price target on shares of Endeavour Mining in a research note on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$30.48.
Shares of EDV stock traded down C$0.53 during midday trading on Tuesday, hitting C$22.51. The company had a trading volume of 50,430 shares, compared to its average volume of 224,792. The stock has a 50 day simple moving average of C$20.63. Endeavour Mining has a 52-week low of C$16.34 and a 52-week high of C$24.45. The firm has a market capitalization of $2.36 billion and a PE ratio of -14.31. The company has a debt-to-equity ratio of 75.18, a quick ratio of 0.59 and a current ratio of 1.15.
Endeavour Mining (TSE:EDV) last announced its earnings results on Wednesday, May 1st. The company reported C($0.05) earnings per share for the quarter, beating the consensus estimate of C($0.19) by C$0.14. The company had revenue of C$201.18 million during the quarter, compared to analysts’ expectations of C$163.22 million. Analysts forecast that Endeavour Mining will post 1.4699999 EPS for the current fiscal year.
In related news, Senior Officer Vincent Benoit sold 50,000 shares of Endeavour Mining stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$20.71, for a total value of C$1,035,500.00. Following the sale, the insider now directly owns 106,875 shares in the company, valued at C$2,213,381.25.
About Endeavour Mining
Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.
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