Clarus Securities Comments on Endeavour Mining Corp’s FY2016 Earnings (EDV)
Endeavour Mining Corp (TSE:EDV) – Equities research analysts at Clarus Securities boosted their FY2016 earnings per share estimates for shares of Endeavour Mining Corp in a report issued on Friday. Clarus Securities analyst N. Sangmuah now expects that the brokerage will post earnings of $0.91 per share for the year, up from their prior estimate of $0.87. Clarus Securities currently has a “Buy” rating on the stock.
Several other equities research analysts have also commented on EDV. Canaccord Genuity raised Endeavour Mining Corp from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$17.50 to C$29.00 in a research note on Tuesday, July 12th. Peel Hunt reissued a “buy” rating and set a C$26.00 price target on shares of Endeavour Mining Corp in a research note on Thursday, September 1st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$21.40.
Shares of Endeavour Mining Corp (TSE:EDV) opened at 21.79 on Monday. The company has a 50 day moving average price of $23.29 and a 200 day moving average price of $20.48. The firm’s market cap is $2.02 billion. Endeavour Mining Corp has a 12-month low of $0.60 and a 12-month high of $27.17.
Endeavour Mining Corp Company Profile
Endeavour Mining Corporation is an intermediate gold mining company. The Company has an exploration portfolio in regions of Burkina Faso, Cote d’Ivoire, Mali and Ghana with a land package totaling approximately 5,080 square kilometers. Its properties include Agbaou Gold Mine, Nzema Gold Mine, Tabakoto Gold Mine and Hounde Project.
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