Analyst Ben Pirie of Atrium Research maintained a Buy rating on Endurance Gold (EDG – Research Report), with a price target of C$0.50.
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Ben Pirie has given his Buy rating due to a combination of factors that highlight Endurance Gold’s promising potential. The commencement of the 2025 exploration program at the Imperial Zone, which includes a substantial 7,000-meter diamond drilling initiative, is a significant step forward. This program is strategically designed to expand the known mineralization and identify new drill targets, setting the stage for the company’s inaugural resource estimate.
Furthermore, the company’s plan to report an inaugural ‘open pit’ mineral resource this year is a major catalyst, as it marks a new phase in their development strategy. The proactive approach of starting the drilling program ahead of its peers in British Columbia underscores the company’s commitment to advancing its projects efficiently. These strategic initiatives support the Buy rating with a target price of $0.50 per share, reflecting confidence in the company’s growth trajectory.
EDG’s price has also changed moderately for the past six months – from C$0.140 to C$0.180, which is a 28.57% increase.