Endeavour Mining (EDV) Gets a Buy from Jefferies

Jefferies analyst Matt Murphy maintained a Buy rating on Endeavour Mining (EDV – Research Report) yesterday and set a price target of C$38.00. The company’s shares closed yesterday at C$32.47.

Murphy covers the Basic Materials sector, focusing on stocks such as Lundin Gold, Ero Copper, and G Mining Ventures. According to TipRanks, Murphy has an average return of 13.5% and a 69.01% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Endeavour Mining with a C$42.99 average price target, implying a 32.40% upside from current levels. In a report released on July 10, CIBC also upgraded the stock to a Buy with a C$45.00 price target.

The company has a one-year high of C$32.76 and a one-year low of C$20.84. Currently, Endeavour Mining has an average volume of 447.3K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EDV in relation to earlier this year.

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Endeavour Mining (EDV) Company Description:

Endeavour Mining Corp is a gold mining company. The company engages in gold mining operating four mines in West Africa in addition to having project development and exploration assets. It focuses on effectively managing its existing assets to maximize cash flows as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise. Its operations are held in Burkina Faso (Karma and Hounde mines), Cote d’Ivoire (Agbaou and Ity mines), and Mali (Kalana Project).

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