Endeavour Mining (LON:EDV) Downgraded by Royal Bank Of Canada to “Sector Perform”

Endeavour Mining (LON:EDV) was downgraded by investment analysts at Royal Bank Of Canada to a “sector perform” rating in a note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 4,600 price objective on the stock, down from their prior price objective of GBX 5,100. Royal Bank Of Canada’s target price points to a potential upside of 16.49% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Berenberg Bank reissued a “buy” rating and set a GBX 5,000 price objective on shares of Endeavour Mining in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 4,900.

Endeavour Mining Stock Performance

Shares of LON:EDV opened at GBX 3,949 on Friday. Endeavour Mining has a 52-week low of GBX 2,390 and a 52-week high of GBX 5,360. The firm has a market capitalization of £9.54 billion, a P/E ratio of 11.61 and a beta of 1.14. The stock has a 50 day moving average price of GBX 3,819.80 and a 200-day moving average price of GBX 4,293.12.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.