National Bank Financial Comments on TSE:EDV FY2024 Earnings

Endeavour Mining Corp. (TSE:EDV) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Endeavour Mining in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $2.01 for the year, down from their previous forecast 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 earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.19). The firm had revenue of C$761.83 million during the quarter, compared to analyst estimates of C$762.66 million. Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%.

A number of other research firms also recently weighed in 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 cut Endeavour Mining from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$48.00 to C$40.00 in a report on Tuesday, August 6th.

Endeavour Mining Stock Up 0.7 %

Shares of EDV opened at C$32.81 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 cap of C$8.00 billion, a PE ratio of -32.81 and a beta of 0.92. The business’s 50 day simple moving average is C$30.79.

Endeavour Mining Announces Dividend

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