In a report released yesterday, Ben Pirie from 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 related to Endurance Gold’s strategic exploration plans and recent developments. The company has announced an ambitious 2025 exploration campaign at its Reliance Gold Project, which includes up to 7,000 meters of diamond drilling. This initiative is set to begin in early May, positioning Endurance Gold ahead of its regional peers and demonstrating a proactive approach to resource development.
Additionally, the discovery of a new 500-meter soil anomaly south of the Eagle Zone highlights the potential for further resource expansion. The company’s recent upgrade from the OTC Pink Market to the OTCQB, trading under the symbol “ENDGF,” also signifies a step forward in its market presence. These factors, combined with the high-grade results from previous drilling activities, support the Buy rating and the target price of $0.50 per share.
EDG’s price has also changed slightly for the past six months – from C$0.140 to C$0.135, which is a -3.57% drop .
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