Endeavour Mining plc (TSE:EDV – Get Rating) – Equities research analysts at Edison Inv. Res reduced their Q3 2022 earnings per share (EPS) estimates for shares of Endeavour Mining in a report issued on Monday, August 8th. Edison Inv. Res analyst C. Gibson now anticipates that the company will earn $0.41 per share for the quarter, down from their previous forecast of $0.50. The consensus estimate for Endeavour Mining's current full-year earnings is $1.30 per share. Edison Inv. Res also issued estimates for Endeavour Mining's Q4 2022 earnings at $0.38 EPS and FY2024 earnings at $2.44 EPS.
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Several other equities analysts also recently commented on the company. Berenberg Bank reiterated a "buy" rating and issued a C$3,000.00 target price 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 note on Thursday, August 4th. National Bankshares increased their price target on Endeavour Mining from C$45.25 to C$46.00 and gave the company an "outperform" rating in a research note on Monday, May 9th. Finally, Raymond James set a C$43.00 price target on Endeavour Mining and gave the company an "outperform" rating in a research note on Friday, May 6th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Endeavour Mining currently has an average rating of "Moderate Buy" and a consensus target price of C$989.73.
Endeavour Mining Price Performance
Endeavour Mining stock opened at C$27.52 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 22.43. The company has a market capitalization of C$6.83 billion and a PE ratio of 74.38. Endeavour Mining has a 12 month low of C$23.70 and a 12 month high of C$35.94. The stock has a 50-day moving average price of C$26.84 and a two-hundred day moving average price of C$29.74.
Endeavour Mining (TSE:EDV – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported C$0.57 EPS for the quarter, beating the consensus estimate of C$0.49 by C$0.08. The firm had revenue of C$803.60 million during the quarter, compared to the consensus estimate of C$760.25 million.
Endeavour Mining Increases Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Investors of record on Friday, September 2nd will be paid a dividend of $0.512 per share. The ex-dividend date of this dividend is Thursday, September 1st. This is a boost from Endeavour Mining's previous Semi-Annual dividend of $0.35. Endeavour Mining's dividend payout ratio (DPR) is currently 151.35%.
Insider Buying and Selling
In related news, Senior Officer Morgan Denis Carroll sold 42,500 shares of the firm's stock in a transaction that occurred 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 owns 178,463 shares of the company's stock, valued at C$5,366,382.41.
About Endeavour Mining
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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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