Endeavour Mining (LON:EDV) Stock Keeps "Buy" Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Endeavour Mining and maintained a GBX 5,700 price target, implying potential upside of 55.36% from the previous close.
• Analyst sentiment remains positive overall, with three Buy ratings and one Hold rating; the consensus rating is “Moderate Buy” with an average price target of GBX 5,100.
• Endeavour Mining shares opened at GBX 3,669 and were down 1.7%, while the company’s market capitalization stood at approximately £8.84 billion.

Endeavour Mining (LON:EDV - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Tuesday, Digital Look reports. They currently have a GBX 5,700 price target on the stock. Jefferies Financial Group's price objective points to a potential upside of 55.36% from the company's previous close.

EDV has been the subject of a number of other reports. Berenberg Bank restated a "buy" rating and issued a GBX 5,000 price objective on shares of Endeavour Mining in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of Endeavour Mining from GBX 5,700 to GBX 5,100 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada downgraded shares of Endeavour Mining to a "sector perform" rating and dropped their target price for the stock from GBX 5,100 to GBX 4,600 in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 5,100.

Endeavour Mining Stock Down 1.7%

Shares of EDV stock opened at GBX 3,669 on Tuesday. Endeavour Mining has a 12 month low of GBX 2,916 and a 12 month high of GBX 5,360. The business's 50 day moving average is GBX 4,347.69 and its two-hundred day moving average is GBX 4,301.53. The company has a market cap of £8.84 billion, a PE ratio of 10.79 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.