CA - Endeavour Mining: Lower Prices Before Gold Pulls Out The Horns

2024-02-05 23:01:19 ET

Summary

• Retail investors should consider a Hold rating on Endeavour Mining plc shares as they are not expected to recover soon amid uncertainty over interest rate expectations.
• The US economy heading for a recession, and the potential rise in energy costs could delay Fed interest rate cuts.
• EDVMF shares are best suited for short-term positioning to profit from gold price cycles, but caution is advised as the stock price is still expected to move lower.

This Analysis Assigns a Hold rating for Endeavour Mining plc

Retail investors should consider a Hold rating on Endeavour Mining plc ( EDVMF ) shares as these are not expected to recover anytime soon while uncertainty remains over interest rate expectations....

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