CIBC Has Lowered Expectations for Endeavour Mining (TSE:EDV) Stock Price

Endeavour Mining (TSE:EDV) had its price objective dropped by research analysts at CIBC from C$44.00 to C$43.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 52.43% from the company’s current price.

Other research analysts have also issued reports about the stock. Royal Bank of Canada lowered shares of Endeavour Mining from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$48.00 to C$40.00 in a research note on Tuesday, August 6th. Ventum Financial set a C$9.00 target price on shares of Endeavour Mining and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, UBS Group upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Thursday, August 1st.

Endeavour Mining Price Performance

Shares of Endeavour Mining stock traded up C$1.26 on Monday, reaching C$28.21. 226,919 shares of the stock were exchanged, compared to its average volume of 494,668. Endeavour Mining has a 1-year low of C$21.11 and a 1-year high of C$34.84. The stock’s fifty day simple moving average is C$31.22. The firm has a market capitalization of C$6.88 billion, a price-to-earnings ratio of -28.21 and a beta of 0.92.

About Endeavour Mining

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.