Berenberg Bank Issues Positive Forecast for Endeavour Mining (LON:EDV) Stock Price

Key Points

• Berenberg Bank has raised its target price for Endeavour Mining's stock from GBX 3,200 to GBX 4,300, indicating a potential upside of 32.99% from its previous closing price.
• Endeavour Mining shares are trading at GBX 3,233.28, reflecting a 2.3% increase during recent trading hours.
• Royal Bank of Canada has maintained an "outperform" rating with a price objective of GBX 3,000, while two other analysts have rated the stock with a Buy.

Endeavour Mining (LON:EDV - Get Free Report) had its target price lifted by analysts at Berenberg Bank from GBX 3,200 to GBX 4,300 in a report released on Tuesday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 32.99% from the company's previous close.

Separately, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 3,000 price objective on shares of Endeavour Mining in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 3,650.

Endeavour Mining Stock Up 2.3%

Endeavour Mining stock traded up GBX 73.28 during trading hours on Tuesday, reaching GBX 3,233.28. 2,551,311 shares of the company's stock were exchanged, compared to its average volume of 1,181,038. The firm's 50 day simple moving average is GBX 2,711.87 and its 200 day simple moving average is GBX 2,338.15. Endeavour Mining has a twelve month low of GBX 1,387 and a twelve month high of GBX 3,280. The firm has a market capitalization of £7.79 billion, a PE ratio of 3,553.06 and a beta of 0.92.

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.

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