Royal Bank Of Canada Downgrades Endeavour Mining (LON:EDV) to Sector Perform

Endeavour Mining (LON:EDV) was downgraded by investment analysts at Royal Bank Of Canada to a “sector perform” rating in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 4,600 price objective on the stock, down from their previous price objective of GBX 5,100. Royal Bank Of Canada’s price target would suggest a potential upside of 16.49% from the company’s current price.

Several other research firms have also recently issued reports on EDV. JPMorgan Chase & Co. lowered their price objective on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Berenberg Bank restated a “buy” rating and issued a GBX 5,000 price target on shares of Endeavour Mining in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,900.

Endeavour Mining Stock Performance

Shares of Endeavour Mining stock opened at GBX 3,949 on Friday. The company has a 50-day simple moving average of GBX 3,819.80 and a two-hundred day simple moving average of GBX 4,293.12. Endeavour Mining has a 52-week low of GBX 2,390 and a 52-week high of GBX 5,360. The stock has a market capitalization of £9.54 billion, a PE ratio of 11.61 and a beta of 1.14.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.