Canaccord Genuity Upgrades Endeavour Mining to Buy (EDV)
Endeavour Mining (TSE:EDV) was upgraded by Canaccord Genuity from a “speculative buy” rating to a “buy” rating in a research note issued on Monday, Stock Ratings News reports. The firm currently has a C$1.00 target price on the stock, down from their previous target price of C$1.70. Canaccord Genuity’s target price would suggest a potential upside of 49.25% from the stock’s previous close.
Shares of Endeavour Mining (TSE:EDV) traded up 13.56% on Monday, hitting $0.67. 3,479,220 shares of the company’s stock traded hands. Endeavour Mining has a 52-week low of $0.415 and a 52-week high of $2.34. The stock has a 50-day moving average of $0.53 and a 200-day moving average of $0.63. The company’s market cap is $276.4 million.
Endeavour Mining Corporation (TSE:EDV) is a junior gold producer.
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