Scotiabank Issues Pessimistic Estimate for TSE:EDV Earnings

Endeavour Mining Corp. (TSE:EDV) – Equities research analysts at Scotiabank cut their FY2027 earnings per share estimates for Endeavour Mining in a research note issued on Friday, January 30th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $6.12 for the year, down from their previous forecast of $6.66. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share.

Endeavour Mining (TSE:EDV) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.66 EPS for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%.The business had revenue of C$1.27 billion for the quarter.

Several other equities research analysts also recently issued reports on the company. Berenberg Bank lifted their price objective on Endeavour Mining from C$79.00 to C$85.00 in a research note on Wednesday, December 17th. Jefferies Financial Group raised their target price on Endeavour Mining from C$81.00 to C$92.00 in a research report on Monday, January 19th. Finally, National Bankshares set a C$18.00 price target on shares of Endeavour Mining and gave the stock an “outperform” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.00.

Endeavour Mining Trading Up 2.3%

Shares of Endeavour Mining stock opened at C$78.63 on Monday. The stock has a market capitalization of C$18.93 billion, a price-to-earnings ratio of 39.71 and a beta of 1.04. Endeavour Mining has a 1-year low of C$28.19 and a 1-year high of C$90.14. The firm has a fifty day simple moving average of C$71.97 and a 200-day simple moving average of C$59.66.

Insider Activity at Endeavour Mining

In other Endeavour Mining news, insider La Mancha Investments S.À R.L. sold 156,700 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of C$73.65, for a total transaction of C$11,540,955.00. Following the completion of the sale, the insider directly owned 35,370,954 shares of the company’s stock, valued at approximately C$2,605,070,762.10. The trade was a 0.44% decrease in their position. Also, insider Martin John White sold 15,565 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of C$36.52, for a total transaction of C$568,433.80. Following the sale, the insider directly owned 11,000 shares of the company’s stock, valued at approximately C$401,720. This trade represents a 58.59% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 704,074 shares of company stock worth $49,986,913. Company insiders own 19.11% of the company’s stock.

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.