FY2024 EPS Forecast for Endeavour Mining Reduced by Analyst

Endeavour Mining Corp. (TSE:EDV) – Investment analysts at National Bank Financial reduced their FY2024 earnings estimates for Endeavour Mining in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will earn $2.01 per share for the year, down from their prior estimate of $2.15. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share.

EDV has been the topic of a number of other reports. UBS Group raised shares of Endeavour Mining to a “strong-buy” rating in a report on Thursday, August 1st. Royal Bank of Canada cut shares of Endeavour Mining from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$48.00 to C$40.00 in a report on Tuesday, August 6th.

Endeavour Mining Stock Down 2.6 %

Shares of TSE:EDV opened at C$33.05 on Thursday. The firm has a market capitalization of C$8.05 billion, a PE ratio of -33.05 and a beta of 0.92. Endeavour Mining has a 1-year low of C$21.11 and a 1-year high of C$34.84. The business’s fifty day simple moving average is C$30.60.

Endeavour Mining (TSE:EDV) last issued its earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.19). The business had revenue of C$761.83 million for the quarter, compared to analyst estimates of C$762.66 million. Endeavour Mining had a negative return on equity of 3.62% and a negative net margin of 8.83%.

Endeavour Mining Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.561 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.42%. Endeavour Mining’s payout ratio is -112.00%.

About Endeavour Mining

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d’Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.