RBC Capital Sticks to Their Buy Rating for Endeavour Mining

By Jason Carr

On September 25, an analyst has provided a rating update for the Materials sector company, Endeavour Mining (TSX: EDV). 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 -2.5% and a 42.1% 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.

Currently, the analyst consensus on Endeavour Mining is Strong Buy and the average price target is C$31.75, representing a 30.4% upside.

In a report issued on September 18, Scotiabank also maintained a Buy rating on the stock with a C$31 price target.

Endeavour Mining’s market cap is currently C$2.38B 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$24.36.