National Bankshares Forecasts Strong Price Appreciation for Endeavour Mining (TSE:EDV) Stock

Key Points

• National Bankshares has increased its price target for Endeavour Mining (TSE:EDV) from C$57.00 to C$70.00, indicating a potential upside of 22.40%.
• Royal Bank of Canada has upgraded Endeavour Mining from a "hold" to a "moderate buy" rating, contributing to a generally positive outlook with three analysts rating it as a Strong Buy.
• Despite a recent decline of 1.0% in stock price, Endeavour Mining maintains a strong market cap of C$13.77 billion and has a 52-week price range between C$25.07 and C$58.44.

Endeavour Mining (TSE:EDV - Get Free Report) had its price target lifted by equities researchers at National Bankshares from C$57.00 to C$70.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 22.40% from the company's previous close.

Separately, Royal Bank Of Canada raised Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Endeavour Mining presently has an average rating of "Buy" and an average price target of C$34.00.

Endeavour Mining Stock Down 1.0%

EDV stock traded down C$0.57 during mid-day trading on Wednesday, reaching C$57.19. 421,602 shares of the company traded hands, compared to its average volume of 564,189. The firm's 50 day moving average price is C$47.22 and its 200 day moving average price is C$41.61. The stock has a market cap of C$13.77 billion, a price-to-earnings ratio of 62.85 and a beta of 0.68. Endeavour Mining has a fifty-two week low of C$25.07 and a fifty-two week high of C$58.44.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

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