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Third party research

Endomines: Gold’s momentum boosting profitability - Evli

Endomines Finland

This is a third party research report and does not necessarily reflect our views or values

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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).
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.