Endeavour Mining plc (TSE:EDV – Get Rating) – Investment analysts at Raymond James raised their FY2022 earnings per share estimates for Endeavour Mining in a report issued on Wednesday, August 3rd. Raymond James analyst C. Stanley now anticipates that the company will post earnings of $1.70 per share for the year, up from their prior estimate of $1.29. Raymond James currently has a "Outperform" rating and a $43.00 price target on the stock. The consensus estimate for Endeavour Mining's current full-year earnings is $1.30 per share. Raymond James also issued estimates for Endeavour Mining's Q4 2022 earnings at $0.56 EPS.
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A number of other equities analysts also recently weighed in on EDV. Berenberg Bank reissued a "buy" rating and set a C$3,000.00 price target on shares of Endeavour Mining in a research report on Thursday, July 7th. Barclays reissued a "buy" rating on shares of Endeavour Mining in a research report on Thursday. Finally, National Bankshares boosted their price objective on Endeavour Mining from C$45.25 to C$46.00 and gave the stock an "outperform" rating in a report on Monday, May 9th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$989.73.
Endeavour Mining Price Performance
Shares of TSE EDV opened at C$27.10 on Monday. The business's 50 day moving average price is C$26.94 and its two-hundred day moving average price is C$29.77. The company has a market cap of C$6.73 billion and a PE ratio of 73.24. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 22.43. Endeavour Mining has a twelve month low of C$23.70 and a twelve month high of C$35.94.
Endeavour Mining (TSE:EDV – Get Rating) last released its earnings results on Thursday, May 5th. The company reported C$0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.54 by C$0.08. The company had revenue of C$869.23 million during the quarter, compared to analyst estimates of C$825.97 million.
Insiders Place Their Bets
In other Endeavour Mining news, Senior Officer Morgan Denis Carroll sold 42,500 shares of the company's stock in a transaction on Friday, June 10th. The stock was sold at an average price of C$30.07, for a total transaction of C$1,277,975.00. Following the completion of the sale, the insider now directly owns 178,463 shares in the company, valued at C$5,366,382.41.
Endeavour Mining Increases Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Investors of record on Friday, September 2nd will be paid a $0.512 dividend. This is a boost from Endeavour Mining's previous Semi-Annual dividend of $0.35. The ex-dividend date of this dividend is Thursday, September 1st. Endeavour Mining's payout ratio is 151.35%.
Endeavour Mining Company Profile
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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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