National Bank Financial Predicts TSE:EDV FY2024 Earnings

Endeavour Mining Corp. (TSE:EDV) – Equities researchers at National Bank Financial decreased their FY2024 EPS 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 previous estimate of $2.15. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.19). The company had revenue of C$761.83 million during 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%.

Several other analysts have also issued reports on EDV. UBS Group raised shares of Endeavour Mining to a “strong-buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lowered Endeavour Mining from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$48.00 to C$40.00 in a report on Tuesday, August 6th.

Endeavour Mining Stock Performance

EDV stock opened at C$32.57 on Thursday. Endeavour Mining has a twelve month low of C$21.11 and a twelve month high of C$34.84. The company has a market capitalization of C$7.94 billion, a P/E ratio of -32.57 and a beta of 0.92. The company has a 50 day moving average of C$30.69.

Endeavour Mining Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were given a $0.561 dividend. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. 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.