The Globe and Mail reports in its Saturday, Jan. 8, edition that National Bank Financial analysts have named Endeavour Mining one of their top picks for 2022. The Globe's David Leeder writes in the Eye On Equities column that the analysts, while maintaining their "outperform" recommendation, trimmed their share target to $46, down from $49. Analysts on average target the shares at $44.12. National Bank analyst Don DeMarco says in a note: "Endeavour continues to be a conviction top pick, supported by elevated FCF, stable production outlook, multiple pipeline opportunities and discounted valuation. We model 2022 FCF of $800-million for a yield of 15 per cent at spot prices, superior versus peers in a comparable over 1 million ounce production wheelhouse with yields averaging 10 per cent as per Bloomberg consensus. We model N5Y production of 1.4 million ounces per year at AISC of $900 per ounce from a diversified production base. Moreover, we highlight multiple levers to maintain (or expand) its production base including (1) resources of 25 million ounces (exclusive of Reserves) for conversion opportunities and mine life extensions, (2) high-grade brownfield opportunities at cornerstone assets."