Endeavour Mining (EDV): New Buy Recommendation for This Basic Materials Giant

In a report released today, Patrick Jones from J.P. Morgan reiterated a Buy rating on Endeavour Mining, with a price target of p5,700.00.

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Jones covers the Basic Materials sector, focusing on stocks such as Antofagasta, First Quantum Minerals, and Lundin Mining. According to TipRanks, Jones has an average return of 29.9% and a 57.41% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Endeavour Mining with a C$106.52 average price target.

Based on Endeavour Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.35 billion and a net profit of C$353.9 million. In comparison, last year the company earned a revenue of C$1.04 billion and had a net profit of C$173.2 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EDV in relation to earlier this year.