Raymond James Lowers Earnings Estimates for Endeavour Mining

Endeavour Mining Corp. (TSE:EDV) – Investment analysts at Raymond James dropped their Q3 2024 earnings estimates for shares of Endeavour Mining in a report released on Monday, October 28th. Raymond James analyst C. Stanley now anticipates that the company will earn $0.37 per share for the quarter, down from their prior forecast of $0.83. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share. Raymond James also issued estimates for Endeavour Mining’s Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $1.16 EPS, Q3 2025 earnings at $1.12 EPS and Q4 2025 earnings at $1.09 EPS.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.20 by C($0.19). The firm had revenue of C$761.83 million for the quarter, compared to the consensus estimate of C$762.66 million. Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%.

Other equities analysts have also recently issued reports about the company. UBS Group raised Endeavour Mining to a “strong-buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada downgraded shares of Endeavour Mining from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$48.00 to C$40.00 in a research report on Tuesday, August 6th.

Endeavour Mining Stock Performance

Shares of TSE:EDV opened at C$30.83 on Thursday. The firm’s 50-day simple moving average is C$31.08. The stock has a market cap of C$7.51 billion, a P/E ratio of -30.83 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.

Endeavour Mining Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, October 10th were given 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.