JPMorgan Chase & Co. Issues Pessimistic Forecast for Endeavour Mining (LON:EDV) Stock Price

Endeavour Mining (LON:EDV) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from GBX 5,700 to GBX 5,100 in a research note issued on Thursday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 48.77% from the stock’s current price.

Several other analysts have also recently commented on EDV. Berenberg Bank raised their price objective on shares of Endeavour Mining from GBX 5,100 to GBX 6,000 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 6,000 target price on shares of Endeavour Mining in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Endeavour Mining presently has a consensus rating of “Buy” and an average price target of GBX 5,700.

Endeavour Mining Stock Performance

Shares of LON EDV opened at GBX 3,428 on Thursday. Endeavour Mining has a one year low of GBX 2,182 and a one year high of GBX 5,360. The firm has a market capitalization of £8.26 billion, a P/E ratio of 9.85 and a beta of 1.14. The company’s fifty day moving average is GBX 4,081.58 and its two-hundred day moving average is GBX 4,323.70.

Endeavour Mining Company Profile

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.