Desjardins Boosts Endeavour Mining (TSE:EDV) Price Target to C$32.00

Endeavour Mining (TSE:EDV) had its price objective boosted by Desjardins from C$30.00 to C$32.00 in a report released on Wednesday morning, BayStreet.CA reports. Desjardins also issued estimates for Endeavour Mining’s Q2 2019 earnings at $0.17 EPS.

Other research analysts have also issued research reports about the company. Raymond James set a C$31.00 target price on Endeavour Mining and gave the company an outperform rating in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated an underperform rating and set a GBX 215 ($2.81) target price on shares of in a research report on Wednesday, June 26th. Berenberg Bank increased their target price on Endeavour Mining from C$22.55 to C$24.35 in a research report on Tuesday, July 2nd. Pi Financial increased their target price on Wesdome Gold Mines from C$4.10 to C$4.30 in a research report on Monday, March 25th. Finally, National Bank Financial increased their target price on Hardwoods Distribution from C$15.50 to C$18.00 and gave the company an outperform rating in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of C$30.71.

Endeavour Mining stock opened at C$25.30 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.59 and a debt-to-equity ratio of 75.18. Endeavour Mining has a 12 month low of C$16.34 and a 12 month high of C$25.45. The stock has a 50 day moving average of C$21.37. The stock has a market cap of $2.78 billion and a price-to-earnings ratio of -15.86.

Endeavour Mining (TSE:EDV) last released its quarterly earnings data on Wednesday, May 1st. The company reported C($0.05) EPS for the quarter, topping the Thomson Reuters’ 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. As a group, sell-side analysts forecast that Endeavour Mining will post 1.49 earnings per share for the current fiscal year.

In other news, Senior Officer Vincent Benoit sold 50,000 shares of the 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 transaction of C$1,035,500.00. Following the transaction, the insider now owns 106,875 shares in the company, valued at approximately 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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Analyst Recommendations for Endeavour Mining (TSE:EDV)

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