Raymond James Has Pessimistic Outlook of TSE:EDV Q3 Earnings

Endeavour Mining Corp. (TSE:EDV - Free Report) - Equities research analysts at Raymond James decreased their Q3 2024 earnings per share estimates for shares of Endeavour Mining in a research report issued to clients and investors on Monday, October 28th. Raymond James analyst C. Stanley now forecasts that the company will earn $0.37 per share for the quarter, down from their prior estimate of $0.83. The consensus estimate for Endeavour Mining's current full-year earnings is $4.45 per share. Raymond James also issued estimates for Endeavour Mining's Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $1.16 EPS, Q3 2025 earnings at $1.12 EPS and Q4 2025 earnings at $1.09 EPS.

EDV has been the topic of a number of other research reports. UBS Group raised shares of Endeavour Mining to a "strong-buy" rating in a research report on Thursday, August 1st. Royal Bank of Canada downgraded shares of Endeavour Mining from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$48.00 to C$40.00 in a research note on Tuesday, August 6th.

Endeavour Mining Trading Down 4.7 %

TSE:EDV traded down C$1.53 during trading hours on Thursday, reaching C$30.83. 708,912 shares of the stock were exchanged, compared to its average volume of 493,389. The stock has a market capitalization of C$7.51 billion, a PE ratio of -30.83 and a beta of 0.92. Endeavour Mining has a twelve month low of C$21.11 and a twelve month high of C$34.84. The company's 50 day simple moving average is C$31.08.

Endeavour Mining (TSE:EDV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.20 by C($0.19). The firm had revenue of C$761.83 million for the quarter, compared to the consensus estimate of C$762.66 million. Endeavour Mining had a negative return on equity of 3.62% and a negative net margin of 8.83%.

Endeavour Mining Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.561 per share. This represents a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Endeavour Mining's dividend payout ratio is currently -112.00%.

About Endeavour Mining

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d'Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.