Scotiabank Issues Pessimistic Forecast for TSE:EDV Earnings

Endeavour Mining Corp. (TSE:EDV) – Scotiabank decreased their FY2027 earnings estimates for shares of Endeavour Mining in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $6.01 per share for the year, down from their prior forecast of $6.25. 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 Thursday, April 30th. The company reported C$2.13 earnings per share (EPS) for the quarter. Endeavour Mining had a net margin of 18.88% and a return on equity of 27.75%. The firm had revenue of C$1.88 billion for the quarter.

Other equities research analysts also recently issued reports about the company. TD upped their price objective on Endeavour Mining from C$94.00 to C$105.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. National Bank Financial dropped their target price on Endeavour Mining from C$116.00 to C$92.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Endeavour Mining currently has an average rating of “Buy” and an average price target of C$93.50.

Endeavour Mining Trading Down 0.8%

EDV opened at C$64.15 on Monday. The stock has a 50-day moving average of C$75.66 and a 200 day moving average of C$79.92. Endeavour Mining has a 12 month low of C$40.55 and a 12 month high of C$98.71. The firm has a market cap of C$15.46 billion, a P/E ratio of 18.43 and a beta of 1.82.

Insider Activity

In related news, insider Guy Franklin Young sold 20,228 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$49.21, for a total transaction of C$995,419.88. Following the transaction, the insider directly owned 45,022 shares in the company, valued at approximately C$2,215,532.62. This represents a 31.00% decrease in their position. Also, insider Pascal Bernasconi sold 20,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$49.51, for a total transaction of C$990,200.00. Following the transaction, the insider owned 14,168 shares in the company, valued at C$701,457.68. The trade was a 58.53% decrease in their ownership of the stock. 19.11% of the stock is currently owned by company insiders.

Endeavour Mining Company Profile

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.