Haywood Securities Weighs in on Endeavour Mining Corp’s FY2016 Earnings (EDV)
Endeavour Mining Corp (TSE:EDV) – Equities researchers at Haywood Securities raised their FY2016 earnings estimates for shares of Endeavour Mining Corp in a research note issued to investors on Wednesday. Haywood Securities analyst T. Hassan now anticipates that the brokerage will post earnings per share of $1.20 for the year, up from their prior estimate of $1.19.
Several other research analysts have also recently issued reports on the stock. Canaccord Genuity raised shares of Endeavour Mining Corp from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$17.50 to C$29.00 in a report on Tuesday, July 12th. Peel Hunt reaffirmed a “buy” rating and issued a C$26.00 target price on shares of Endeavour Mining Corp in a report on Thursday, September 1st. Finally, Clarus Securities reaffirmed an “accumulate” rating on shares of Endeavour Mining Corp in a report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Endeavour Mining Corp presently has an average rating of “Buy” and a consensus target price of C$18.07.
Endeavour Mining Corp (TSE:EDV) opened at 23.96 on Monday. Endeavour Mining Corp has a 12-month low of $0.60 and a 12-month high of $26.38. The company has a 50-day moving average of $22.72 and a 200 day moving average of $18.54. The company’s market capitalization is $2.22 billion.
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About Endeavour Mining Corp
Endeavour Mining Corporation is an intermediate gold mining company. The Company has an exploration portfolio in regions of Burkina Faso, Cote d’Ivoire, Mali and Ghana with a land package totaling approximately 5,080 square kilometers. Its properties include Agbaou Gold Mine, Nzema Gold Mine, Tabakoto Gold Mine and Hounde Project.
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