Scotiabank Analysts Decrease Earnings Estimates for TSE:EDV

Endeavour Mining Corp. (TSE:EDV) – Equities research analysts at Scotiabank cut their FY2024 earnings per share (EPS) estimates for Endeavour Mining in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $1.19 per share for the year, down from their prior estimate of $2.08. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share. Scotiabank also issued estimates for Endeavour Mining’s FY2026 earnings at $1.98 EPS.

Other analysts have also issued research reports about the company. Ventum Financial set a C$9.00 price target on Endeavour Mining and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Ventum Cap Mkts raised Endeavour Mining to a “strong-buy” rating in a research note on Wednesday, November 13th. CIBC dropped their price target on Endeavour Mining from C$44.00 to C$43.00 in a research note on Monday, November 18th. Finally, BMO Capital Markets dropped their price target on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday.

Endeavour Mining Price Performance

Shares of EDV stock opened at C$26.47 on Monday. The business has a fifty day simple moving average of C$27.37. Endeavour Mining has a 52 week low of C$21.11 and a 52 week high of C$34.84. The stock has a market capitalization of C$6.45 billion, a price-to-earnings ratio of -26.47 and a beta of 0.92.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.