Endomines: Uncertainties remain high - Evli

Endomines' H1 2023 revenue aligned with our estimates, yet profitability fell short of expectations. Due to estimate changes, continued uncertainty regarding the US asset portfolio and stretched balance sheet, we downgrade our rating to HOLD (BUY) and adjust TP to EUR 4.7 (5.6).

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Endomines/Endomines%20230818%20H1%20Company%20update.pdf