CIBC Issues Pessimistic Forecast for Endeavour Mining (TSE:EDV) Stock Price

Endeavour Mining (TSE:EDV) had its price target lowered by analysts at CIBC from C$44.00 to C$43.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 53.13% from the company’s previous close.

EDV has been the topic of several other research reports. UBS Group upgraded shares of Endeavour Mining to a “strong-buy” rating in a report on Thursday, August 1st. Royal Bank of Canada cut Endeavour Mining from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$48.00 to C$40.00 in a report on Tuesday, August 6th. Ventum Cap Mkts raised shares of Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Ventum Financial set a C$9.00 price target on shares of Endeavour Mining and gave the company a “buy” rating in a report on Wednesday, November 13th.

Endeavour Mining Price Performance

TSE EDV opened at C$28.08 on Monday. The company has a market cap of C$6.84 billion, a P/E ratio of -28.08 and a beta of 0.92. The stock has a 50-day simple moving average of C$31.22. Endeavour Mining has a one year low of C$21.11 and a one year high of C$34.84.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d’Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.