Raymond James Issues Negative Forecast for TSE:EDV Earnings

Endeavour Mining Corp. (TSE:EDV) – Research analysts at Raymond James cut their Q3 2024 earnings estimates for Endeavour Mining in a note issued to investors on Monday, October 28th. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.37 per share for the quarter, down from their prior estimate 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 released its quarterly earnings results 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). Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%. The company had revenue of C$761.83 million during the quarter, compared to analyst estimates of C$762.66 million.

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

Endeavour Mining Trading Down 1.1 %

Shares of EDV stock opened at C$32.36 on Thursday. The firm has a market capitalization of C$7.89 billion, a PE ratio of -32.36 and a beta of 0.92. The company has a fifty day moving average price of C$30.99. Endeavour Mining has a one year low of C$21.11 and a one year high of C$34.84.

Endeavour Mining Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were issued 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 dividend payout ratio (DPR) is currently -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.