Raymond James Sticks to Their Buy Rating for Endeavour Mining (EDV)


Endeavour Mining (TSX: EDV), the Materials sector company, was revisited by a Wall Street analyst on September 28. On September 28, analyst Chris Thompson gave a Buy rating to EDV and set a C$26.25 price target.

According to TipRanks.com, Thompson is ranked #3614 out of 4881 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Endeavour Mining with a C$28.92 average price target, which is a 42.5% upside from current levels. In a report issued on September 19, BMO Capital also reiterated a Buy rating on the stock with a C$25 price target.

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Based on Endeavour Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$19.77 million. In comparison, last year the company had a net profit of C$18.08 million.

Endeavour Mining Corp. engage sin the mining of gold. It operates through the following mines and projects: Agbaou, Ity, Houndé, Karma, and Tabakoto. The company was founded by Neil Woodyer in 1988 and is headquartered in London, the United Kingdom.

The company’s shares closed on Tuesday at C$20.29.

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