Brokerages Set Endeavour Mining Corp (OTCMKTS:EDVMF) PT at $41.80

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Shares of Endeavour Mining Corp (OTCMKTS:EDVMF) have been given an average rating of “Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $42.20.

Several research analysts have weighed in on the company. Berenberg Bank upped their target price on Endeavour Mining from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. BMO Capital Markets assumed coverage on Endeavour Mining in a report on Monday, July 6th. They set an “outperform” rating on the stock. Scotiabank raised their target price on Endeavour Mining from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC raised their target price on Endeavour Mining from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Credit Suisse Group raised their target price on Endeavour Mining from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd.

Shares of Endeavour Mining stock traded up $0.53 during trading on Friday, hitting $27.68. The stock had a trading volume of 19,185 shares, compared to its average volume of 22,288. Endeavour Mining has a 12 month low of $11.02 and a 12 month high of $29.41. The firm’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $21.02.

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 (OTCMKTS:EDVMF)

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