No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Barclays initiated coverage of gold producer Endeavour Mining at 'overweight' on Wednesday with a 2,350p price target.
The bank said the company's asset quality, returns on equity and balance sheet are among the best in its global precious metals coverage.
"Yet it is also one of the cheapest stocks on all metrics. That reflects perceived risks over its geographical exposure, propensity for M&A, mine lives, and reliance on refractory processing for part of its growth plans," it said.
"However, we argue these concerns are largely misplaced. Meanwhile, gold is one of the few inflation hedges not to have risen significantly."
At 1540 BST, the shares were up 2.7% at 1,709.80p.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.