Berenberg Bank Reiterates Buy Rating for Endeavour Mining (LON:EDV)

Endeavour Mining (LON:EDV)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 5,000 target price on the stock. Berenberg Bank’s price target points to a potential upside of 41.48% from the stock’s current price.

Several other research firms have also issued reports on EDV. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 6,000 price objective on shares of Endeavour Mining in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price target on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 5,366.67.

Endeavour Mining Trading Up 1.3%

EDV opened at GBX 3,534 on Thursday. The stock has a 50-day moving average of GBX 3,903.66 and a 200 day moving average of GBX 4,309.63. Endeavour Mining has a 12 month low of GBX 2,238 and a 12 month high of GBX 5,360. The firm has a market cap of £8.52 billion, a P/E ratio of 10.16 and a beta of 1.14.

About Endeavour Mining

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.