Endeavour Mining Received its Third Buy in a Row

By Austin Angelo

Endeavour Mining (TSX: EDV) seems to be keeping analysts happy lately with another positive rating update this time from BMO Capital. Analyst Andrew Breichmanas rated Endeavour Mining (TSX: EDV) a Buy on yesterday, setting a C$31 price target.

According to TipRanks.com, Breichmanas is a 4-star analyst with an average return of 11.2% and a 48.2% 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$31, representing a 37.2% upside.

In a report issued on September 18, Scotiabank also maintained a Buy rating on the stock with a C$30 price target.

The company has a one year high of C$28.81 and a one year low of C$17.37. Currently, Endeavour Mining has an average volume of 190.6K.

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 Tuesday at C$22.59.