PI Financial analysts have reiterated their ‘Buy’ rating and maintained their C$41 price target for Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) after the West Africa-focused gold miner reported fourth-quarter 2022 production results that were slightly above their estimates.
In a note to clients, the analysts also noted that Endeavour’s consolidated production guidance for 2023 is generally in line with their estimates, with all-in-sustaining costs (AISC) guidance slightly above.
Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) (PHP) has acquired Axis Technical Services Limited, an Irish property management business, with an agreement to develop sites in Ireland signed with related company Axis Health Care.
Axis currently manages a portfolio of over 30 properties, including the majority of PHP's Irish portfolio, and has developed five properties over the last five years that have been acquired by the FTSE 250 group.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it produced 355,000 ounces of gold in the fourth quarter of 2022, a 4% increase on the third quarter.
All-in sustaining costs remained roughly level at around US$954 per ounce.
Redx Pharma PLC (AIM:REDX) told investors it will present at the 2nd Annual Wnt & β-Catenin Pathway Targeted Drug Development Summit in Boston this week.
Dr. Simon Woodcock, vice president, oncology, will give a presentation on Thursday discussing the challenges of genetic selection in defined patient populations and how this relates directly to Wnt/β-Catenin Biomarkers in patient selection for clinical studies of targeted therapies, such as Redx's RXC004 (a clinical stage, highly potent and selective, orally active Porcupine inhibitor).
Cornerstone FS PLC (AIM:CSFS) informed investors that a number of its directors purchased shares in the company (223,500 in aggregate) on 20 January.
Franchise Brands PLC (AIM:FRAN) said it has written to all registered shareholders today regarding its intention to adopt electronic communication methods for future shareholder documents.
Powerhouse Energy Group PLC (AIM:PHE) has noted the progress by partner Hydrogen Utopia on a plastics-to-hydrogen facility in Konin, Poland. Keith Riley, Powerhouse’s acting chief executive, said: "PHE will be helping HUI to determine the process engineering required, following which the design of the facility can be established." (read more).
Vast Resources PLC (AIM:VAST) said it had been advised material progress on the outcome of legal action on historical diamond claims in Zimbabwe can be made during January 2023. Once settled, the company can refocus on its other activities in the country (read more).