Endeavour Mining Gets a Buy Rating from Scotiabank

By Austin Angelo

Wall Street analyst has provided a review for the Materials company on November 9, but retained the same rating on the stock. Analyst Trevor Turnbull from Scotiabank rated Endeavour Mining (TSX: EDV) a Buy on on November 9, setting a C$33 price target.

According to TipRanks.com, Turnbull is ranked 0 out of 5 stars with an average return of -4.6% and a 33.6% success rate. Turnbull covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Fortuna Silver Mines, and Pan American Silver.

Currently, the analyst consensus on Endeavour Mining is Strong Buy and the average price target is C$33, representing a 56.0% 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$2.04B 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 Friday at C$21.16.