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

Barclays analyst Amos Fletcher maintained a Buy rating on Endeavour Mining today and set a price target of £52.50.

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Fletcher covers the Basic Materials sector, focusing on stocks such as Endeavour Mining, Rio Tinto, and Vale SA. According to TipRanks, Fletcher has an average return of 6.8% and a 58.61% success rate on recommended stocks.

In a report released on May 8, J.P. Morgan also reiterated a Buy rating on the stock with a p5,700.00 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.