Jefferies sees most upside in Endeavour Mining after precious metals rally lifts miner valuations
Jefferies has reviewed valuations across five European, Middle East and Africa precious metals miners following strong sector share-price performance. The American bank identified the most upside in Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2), which it rates 'buy', trading at 4.4 times next twelve months' consolidated enterprise value to EBITDA at spot prices.
RBC downgrades Endeavour Mining as gold miner's re-rating leaves little room left
RBC Capital Markets has downgraded Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) to 'sector perform' from 'outperform ', arguing that the West African gold producer's strong run has left most near-term catalysts already reflected in the share price. The Canadian bank cut its target price on the FTSE 100 miner to 4,600p, from 5,100p, against a closing price of 3,888p.
Endeavour tipped for upside as Jefferies pitches bullish target for the gold miner
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) comes out on top as analysts at Jefferies ran the ruler over a number of London-listed gold producers. Jefferies opened its coverage of Endeavour with a 'Buy' rating and pitched a price target of 5.700p that sees some 62% upside to the miner's share price in London.
EDV: A 22-Basis-Point Move Can Erase A Year Of Income
The Vanguard Extended Duration Treasury ETF (EDV) offers a 5.38% SEC yield but exposes investors to extreme duration risk. EDV's yield provides minimal protection; a 22-basis-point rise in long-term yields can offset a full year of income. EDV's upside depends on a significant decline in long-term yields, not just Fed rate cuts; real yields and fiscal dynamics are key risks.
Endeavour Mining reports record cash flow supported by high gold prices
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) generated record first-half free cash flow of US$761 million as surging gold prices outweighed lower production and sharply higher costs. Adjusted EBITDA rose 38% year on year to US$1.61 billion, while adjusted net earnings increased 69% to US$672 million.
3 Long-Duration Treasury ETFs to Watch if Rates Fall
Long-duration U.S. Treasury bonds have had a tough time amid inflation, interest rate activity, and yields that have risen dramatically since a pandemic-era low point. While the consensus view may be that long bonds like this are risky, contrarian investors can argue that long-duration Treasury bond exchange-traded funds (ETFs) may offer asymmetric upside if inflation fears diminish and rates normalize once again.
Endeavour Mining delivers Q1 beat on lower costs, higher output: Jefferies
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) delivered a strong start to 2026, according to Jefferies, which highlighted a first quarter “fundamental beat” driven by better-than-expected production and lower costs, alongside a transition to a net cash position. Jefferies said adjusted earnings of $1.53 per share exceeded both its $1.27 estimate and the consensus of $1.43, supported by materially lower operating costs and depreciation than expected.
EDV: A +5.1% Is Not Enough For Me To Justify A 3.3x Sensitivity
Vanguard Extended Duration Treasury Index ETF has a 5.1% yield to maturity but carries extreme duration risk and high rate sensitivity. EDV's structural bias towards maximum duration results in a permanent ~24-year duration, amplifying its beta to 3.46 versus the Bloomberg U.S. Aggregate Bond Index. Current yield premium over peers like TLT and VGLT is minimal, making EDV's added price sensitivity unjustified in today's rate environment, in my opinion.
Endeavour Mining is reaching a free-cash-flow inflection point - broker
RBC Capital Markets sees nearly 40% total return in Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) shares as the West African gold producer has reached a free-cash-flow inflection point in the current gold price environment. The broker reiterated an Outperform rating and 6,000p price target on the London- and Toronto-listed miner, compared with a prior close of 4,631p.
Endeavour Mining Assafou study points to lower costs and long-term growth potential, says Stifel
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) has released a definitive feasibility study (DFS) for its Assafou gold project in Côte d'Ivoire, with key metrics broadly in line with expectations and unit costs coming in below forecasts, according to Stifel analysts. The firm described the update as supportive for the company's longer-term production outlook, highlighting the project's role in underpinning Endeavour's pathway toward higher output and portfolio expansion over the remainder of the decade.
Endeavour Mining outlines long-life, low-cost Assafou project in feasibility study
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) said on Thursday its Assafou gold project in Côte d'Ivoire could be worth $5.1 billion at current gold prices after a definitive feasibility study confirmed the deposit's potential as a major long-life asset for the company. The London-listed miner said the study projected average annual production of more than 320,000 ounces over the first eight years of a 16-year mine life, at an all-in sustaining cost of $1,026 per ounce.
Farther Finance Advisors LLC Trims Stock Position in Vanguard Extended Duration Treasury ETF $EDV
Farther Finance Advisors LLC trimmed its position in Vanguard Extended Duration Treasury ETF (NYSEARCA:EDV) by 56.1% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,480 shares of the company's stock after selling 19,747 shares during the quarter. Farther Finance Advisors
