Ninth Successive Year of Outperformance
Since 21 March, Endeavour Mining has been an active constituent of the FTSE 100 Index. According to observers of FTSE trading patterns, the promotion could result in additional demand of up to 1–2% of Endeavour’s outstanding shares, with more expected from active and passive trackers. Based on the average multiples of its gold major peers, Edison Group estimates a value for Endeavour of C$50.93 per share, with current price of C$31.46. Endeavour has become one of the top 10 major gold producers globally.
Download PDF • 793KB