RE:Endeavour Mining Price Target Raised to C$2.00 at CIBC (EDV)
It is funny because the same guys (CIBC) are dumping EDV in big volume today !!. Look at the ask and you will see what I mean. These price targets do not mean anything in these "Centrally Planned Markets".
The selling pressure is still on and I see no meaningful support from any of the houses who recently upgraded EDV price targets. On the contrary, I see another house "Macquarie" dumping today. I just hope that this is just tree shaking and not a start of another long downtrend similar to what wee saw in 2103.
I wonder how EDV management is reflecting on their decision to come out and speak so confidently about Hounde in their last conference call as well as that BNN call.
IMO, the market is penalizing EDV for its growth oriented outlook.