Q3 2022 Earnings Estimate for Endeavour Mining plc Issued By Raymond James (TSE:EDV)

Endeavour Mining plc (TSE:EDV – Get Rating) – Equities researchers at Raymond James cut their Q3 2022 EPS estimates for shares of Endeavour Mining in a research note issued to investors on Tuesday, April 19th. Raymond James analyst C. Stanley now forecasts that the company will earn $0.42 per share for the quarter, down from their previous forecast of $0.47. Raymond James currently has a “Outperform” rating and a $43.00 target price on the stock. Raymond James also issued estimates for Endeavour Mining’s Q4 2022 earnings at $0.32 EPS, FY2022 earnings at $1.71 EPS, Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.33 EPS, Q3 2023 earnings at $0.33 EPS and Q4 2023 earnings at $0.33 EPS.

Endeavour Mining (TSE:EDV – Get Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported C$0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.66 by C$0.07. The company had revenue of C$878.74 million during the quarter, compared to the consensus estimate of C$899.35 million.

A number of other research analysts have also recently commented on the stock. Berenberg Bank dropped their target price on shares of Endeavour Mining from C$44.00 to C$42.00 in a report on Tuesday, April 5th. Haywood Securities boosted their price target on shares of Endeavour Mining from C$46.00 to C$50.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. Pi Financial reiterated a “buy” rating on shares of Endeavour Mining in a research report on Monday, February 7th. Morgan Stanley reaffirmed a “hold” rating and issued a C$2,060.00 target price on shares of Endeavour Mining in a research note on Thursday, March 24th. Finally, Barclays reiterated a “buy” rating and issued a C$2,850.00 price objective on shares of Endeavour Mining in a report on Monday, April 4th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$707.11.

EDV stock opened at C$33.21 on Thursday. The company has a debt-to-equity ratio of 20.36, a quick ratio of 1.77 and a current ratio of 2.41. The company’s 50-day simple moving average is C$32.52 and its 200 day simple moving average is C$30.61. Endeavour Mining has a 52 week low of C$25.50 and a 52 week high of C$35.94. The company has a market capitalization of C$8.25 billion and a PE ratio of 29.42.

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, March 16th. Shareholders of record on Friday, February 11th were paid a dividend of $0.354 per share. The ex-dividend date of this dividend was Thursday, February 10th. This represents a yield of 1%. Endeavour Mining’s dividend payout ratio (DPR) is 57.57%.

In other news, Senior Officer Pascal Bernasconi sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of C$30.79, for a total transaction of C$769,750.00. Following the completion of the transaction, the insider now directly owns 68,787 shares of the company’s stock, valued at approximately C$2,117,951.73. Also, Senior Officer Patrick Bouisset sold 450,000 shares of the stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of C$30.54, for a total value of C$13,743,000.00. Following the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at C$3,548,900.70.

Endeavour Mining Company Profile (Get Rating)

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes 90% owned Houndé, Mana, Boungou, and Wahgnion mines in Burkina Faso; 85% owned Ity mine located in Côte d'Ivoire; 90% owned Sabodala-Massawa mine situated in Senegal; and Fetekro, Kalana, Bantou, Nabanga, and Afema development projects.

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