Endeavour Mining (OTCMKTS:EDVMF) had its price target lifted by investment analysts at CIBC from $45.00 to $61.00 in a report released on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 111.59% from the company’s previous close.
Several other equities research analysts have also issued reports on EDVMF. Scotiabank increased their price objective on shares of Endeavour Mining from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Credit Suisse Group increased their price objective on shares of Endeavour Mining from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Berenberg Bank raised their price target on shares of Endeavour Mining from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets started coverage on shares of Endeavour Mining in a report on Monday, July 6th. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $45.40.
EDVMF stock remained flat at $$28.83 on Wednesday. 10,261 shares of the company traded hands, compared to its average volume of 22,879. Endeavour Mining has a 1 year low of $11.02 and a 1 year high of $29.45. The company has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $22.03.
Endeavour Mining Company Profile
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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