Endomines: Gold’s momentum boosting profitability - Evli

Gold prices have continued to develop favourably since our previous update in September, up some 20% since late-August. Our 2026e EBIT estimate is up nearly 30%, driven by the price increases. We adjust our TP to EUR 31.5 (prev. 27.0) and upgrade our rating to ACCUMULATE (REDUCE).

Länk till analysen i sin helhet: https://evli-website.files.svdcdn.com/production/ERP/Raportit/Endomines/Endomines-251015-Company-update.pdf