RBC Capital Keeps Their Buy Rating on Endeavour Mining

By Jason Carr

The Materials sector company, Endeavour Mining (TSX: EDV), has received a rating update from a Wall Street analyst yesterday. RBC Capital’s analyst Stephen Walker reiterates their Buy rating on the shares, with a C$33 price target.

According to TipRanks.com, Walker is ranked 0 out of 5 stars with an average return of -4.6% and a 36.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Endeavour Mining has an analyst consensus of Strong Buy, with a price target consensus of C$31.75.

Based on Endeavour Mining’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$249 million and quarterly net profit of C$18.08 million. In comparison, last year the company earned revenue of C$221 million and had a net profit of C$19.38 million.

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 Monday at C$22.81.