Scotiabank Issues Pessimistic Forecast for TSE:EDV Earnings

Endeavour Mining Corp. (TSE:EDV) – Stock analysts at Scotiabank lowered their FY2027 earnings estimates for Endeavour Mining in a research report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $6.01 for the year, down from their previous 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 quarterly earnings results on Thursday, April 30th. The company reported C$2.13 earnings per share for the quarter. The business had revenue of C$1.88 billion during the quarter. Endeavour Mining had a net margin of 18.88% and a return on equity of 27.75%.

Several other analysts also recently weighed in on EDV. National Bank Financial dropped their target price on shares of 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. TD upped their price target on Endeavour Mining from C$94.00 to C$105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$93.50.

Endeavour Mining Stock Performance

Shares of EDV stock opened at C$64.67 on Monday. The firm’s 50 day moving average price is C$76.22 and its 200-day moving average price is C$79.97. Endeavour Mining has a one year low of C$40.34 and a one year high of C$98.71. The firm has a market cap of C$15.59 billion, a P/E ratio of 18.58 and a beta of 1.82.

Insider Transactions at Endeavour Mining

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