Endeavour Mining (TSE:EDV) Given a C$34.00 Price Target by Pi Financial Analysts

Endeavour Mining (TSE:EDV) received a C$34.00 price target from equities researchers at Pi Financial in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Pi Financial’s price target indicates a potential upside of 43.04% from the company’s current price.

Several other research analysts also recently weighed in on the stock. National Bank Financial set a C$35.00 target price on shares of Endeavour Mining and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of Endeavour Mining from C$32.00 to C$34.00 in a report on Thursday, March 19th. Berenberg Bank upped their target price on shares of Endeavour Mining from C$28.00 to C$32.00 in a report on Friday, January 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$36.00 target price on shares of Endeavour Mining in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$34.00.

TSE:EDV opened at C$23.77 on Tuesday. The company has a debt-to-equity ratio of 88.89, a current ratio of 1.48 and a quick ratio of 0.79. The firm has a market capitalization of $2.38 billion and a price-to-earnings ratio of -15.94. Endeavour Mining has a one year low of C$15.68 and a one year high of C$29.18. The business has a fifty day moving average price of C$24.12 and a 200-day moving average price of C$24.63.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings data on Monday, March 9th. The company reported C$0.44 EPS for the quarter, missing the consensus estimate of C$0.52 by C($0.08). The firm had revenue of C$327.28 million during the quarter. On average, equities research analysts expect that Endeavour Mining will post 1.95 earnings per share for the current fiscal year.

In related news, Senior Officer Morgan Denis Carroll sold 14,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of C$26.71, for a total value of C$373,940.00. Following the completion of the transaction, the insider now owns 82,283 shares of the company’s stock, valued at approximately C$2,197,778.93.

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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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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