Berenberg Bank Maintains a Buy Rating on Endeavour Mining (EDV)

By Austin Angelo

Endeavour Mining (EDVResearch Report), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Michael Stoner from Berenberg Bank reiterated a Buy rating, with a C$28.97 price target.

Stoner has an average return of 18.7% when recommending Endeavour Mining.

According to TipRanks.com, Stoner is ranked #2038 out of 5237 analysts.

Read also: Gold Heats Up and Silver Joins the Race

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Endeavour Mining with a C$33.66 average price target, which is a 23.7% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$34 price target.

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The company has a one-year high of C$27.27 and a one-year low of C$16.34. Currently, Endeavour Mining has an average volume of 261.2K.

Endeavour Mining Corp. engage sin the mining of gold. It operates through the following mines and projects: Agbaou, Ity, Houndé, Karma, and Tabakoto. 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$27.21, close to its 52-week high of C$27.27.