Canaccord Genuity Lowers Endeavour Mining (EDV) Price Target to C$33.50

Endeavour Mining (TSE:EDV) had its price target cut by Canaccord Genuity from C$35.50 to C$33.50 in a research report released on Thursday.

A number of other equities research analysts have also recently weighed in on EDV. BMO Capital Markets reduced their price objective on Endeavour Mining from C$35.00 to C$30.00 in a research note on Thursday, August 2nd. Pi Financial reduced their price objective on Endeavour Mining from C$29.00 to C$26.25 in a research note on Friday, September 7th. Finally, Berenberg Bank reduced their price objective on Endeavour Mining from C$28.33 to C$22.55 in a research note on Wednesday.

TSE EDV traded up C$0.47 on Thursday, reaching C$21.54. The stock had a trading volume of 95,043 shares, compared to its average volume of 254,745. Endeavour Mining has a 12-month low of C$18.09 and a 12-month high of C$26.86.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Wednesday, August 1st. The company reported C$0.12 earnings per share for the quarter. Endeavour Mining had a negative return on equity of 11.08% and a negative net margin of 19.12%. The company had revenue of C$244.59 million during the quarter.

In related news, insider Morgan Denis Carroll purchased 3,367 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average price of C$19.25 per share, for a total transaction of C$64,814.75. Also, insider Yousriya Loza-Sawiris purchased 39,400 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of C$19.31 per share, with a total value of C$760,814.00. Insiders have bought 333,267 shares of company stock valued at $6,516,185 in the last 90 days.

Endeavour Mining Company Profile

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. The company owns interests in the Agbaou mine located in Abidjan, Côte d'Ivoire; Tabakoto mine situated in southwestern Mali; Karma mine located in Burkina Faso covering an area of 856 square kilometers; Ity Carbon-In-Leach project situated in Côte d'Ivoire; Houndé project located in Burkina Faso covering an area of 1,075 square kilometers; and Kalana project covering an area of 387 square kilometers situated in Mali.

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