Endeavour tipped for upside as Jefferies pitches bullish target for the gold miner Proactive uses images sourced from ShutterstockEndeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) comes out on top as analysts at Jefferies ran the ruler over a number of London-listed gold producers. Jefferies opened its coverage of Endeavour with a 'Buy' rating and pitched a price target of 5.700p that sees some 62% upside to the miner's share price in London. The bank's review comes after a six-week sell-off left gold producers trading at historically low valuations. The broker remains bullish on gold, forecasting an average price of roughly $4,600 an ounce through 2030 and a peak of $5,000 in 2027. Fresnillo PLC (LSE:FRES) and Valterra Platinum Ltd (LSE:VALT, JSE:VAL) were initiated at Hold, with limited upside to targets.