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Endeavour Mining (EDV) Receives a Buy from Jefferies

Tipranks - Fri May 29, 7:24AM CDT

In a report released today, Fahad Tariq from Jefferies maintained a Buy rating on Endeavour Mining, with a price target of C$111.00.

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Tariq covers the Basic Materials sector, focusing on stocks such as Ivanhoe Mines, Capstone Copper, and Endeavour Mining. According to TipRanks, Tariq has an average return of 15.8% and a 67.72% 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$106.33 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 29 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.

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