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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (103070)	3/17/2021 4:40:22 PM
From: Goose94	Read Replies (1) of 202924

Endeavour Mining (EDV-T) Credit Suisse analyst Fahad Tariq continues to rate "outperform." Mr. Tariq trimmed his share target to $36 from $42. Analysts on average target the shares at $47.89. Mr. Tariq says the gold sector "remains unloved." Mr. Tariq says in a note: "Despite the strong fundamental backdrop, gold equities have continued to rerate lower, beyond what would be implied by the lower gold price. Anecdotally, in discussions with investors, it appears the sector is being overlooked due to concerns on the gold price outlook (investors are still trying to determine gold price direction, with rising inflation expectations but also rising yields), and also because other metals such as copper and lithium are getting the most attention as part of the green energy transition trade. Common trends and discussion include most gold producers replacing depleted reserves in 2020."

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