Endeavour Mining Gets a Buy Rating from BMO Capital

By Ryan Adsit

Endeavour Mining (TSX: EDV), the Materials sector company, was revisited by a Wall Street analyst on October 31. Analyst Andrew Breichmanas from BMO Capital reiterated a Buy rating, with a C$30 price target on October 31.

According to TipRanks.com, Breichmanas is a 4-star analyst with an average return of 9.3% and a 44.3% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Randgold Resources Limited, Golden Star Resources Ltd, and Teranga Gold Corporation.

Currently, the analyst consensus on Endeavour Mining is Strong Buy and the average price target is C$32.50, representing a 43.6% upside.

In a report issued on October 30, RBC Capital also reiterated a Buy rating on the stock with a C$33 price target.

Endeavour Mining’s market cap is currently C$2.21B and has a P/E ratio of 0.

Endeavour Mining Corp. operates as an intermediate gold mining company. It operates through the following mines and projects: Agbaou, Ity, Nzema, Tabakoto, Youga and Houndé. The company was founded by Neil Woodyer in 1988 and is headquartered in London, the United Kingdom.

The company’s shares closed on Wednesday at C$22.64.