National Bank Financial analysts have lifted their target price on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) shares by C$13 to C$70, while maintaining an 'Outperform’ rating, citing a macroeconomic environment that supports precious metal prices.
"Following a challenging 2024 at the corporate governance level and at the operating levels, Endeavour Mining is now back to delivering on the operational front and generating impressive FCF (free cash flow) over the last three quarters benefiting from the current elevated gold prices thanks to its attractive overall low-cost profile," the analysts wrote in a note to clients on Wednesday.
They added that the company that has met or exceeded its annual production guidance in 11 out of the last 12 years.