TD Securities Upgrades Endeavour Mining (TSE:EDV) to Strong-Buy

TD Securities upgraded shares of Endeavour Mining (TSE:EDV) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Ventum Financial set a C$9.00 target price on Endeavour Mining and gave the company a “buy” rating in a report on Wednesday, November 13th. Ventum Cap Mkts upgraded Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. BMO Capital Markets dropped their price objective on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Finally, CIBC dropped their price objective on Endeavour Mining from C$44.00 to C$43.00 in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$25.00.

Endeavour Mining Price Performance

Shares of Endeavour Mining stock opened at C$31.48 on Tuesday. The company has a market cap of C$7.67 billion, a price-to-earnings ratio of -31.48 and a beta of 0.92. The firm’s 50-day moving average price is C$27.20. Endeavour Mining has a 12 month low of C$21.11 and a 12 month high of C$34.84.

Endeavour Mining (TSE:EDV) last issued its earnings results on Thursday, November 7th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.17). Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%. During the same period in the previous year, the firm earned $0.37 EPS. On average, analysts expect that Endeavour Mining will post 4.4476987 EPS for the current year.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.