Endeavour Mining - EDV Stock Forecast, Price & News

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. The company was incorporated in 2021 and is based in London, the United Kingdom.

Analyst Ratings Changes

A number of brokerages have issued reports on EDV. Berenberg Bank reiterated a "buy" rating and set a C$3,000.00 price objective on shares of Endeavour Mining in a research note on Thursday, July 7th. Raymond James set a C$43.00 price objective on Endeavour Mining and gave the company an "outperform" rating in a research note on Friday, May 6th. National Bankshares lifted their price objective 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, Barclays reiterated a "buy" rating on shares of Endeavour Mining in a research note on Thursday, August 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$989.73.

Endeavour Mining Stock Down 0.5 %

Shares of EDV Stock traded down C$0.13 during mid-day trading on Monday, hitting C$27.61. The company's stock had a trading volume of 259,335 shares, compared to its average volume of 662,131. Endeavour Mining has a 52-week low of C$23.70 and a 52-week high of C$35.94. The business has a 50-day moving average price of C$26.72 and a 200 day moving average price of C$29.76. The company has a debt-to-equity ratio of 20.93, a quick ratio of 1.18 and a current ratio of 1.55. The stock has a market cap of C$6.85 billion and a price-to-earnings ratio of 40.79.

Endeavour Mining (TSE:EDV - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.57 EPS for the quarter, topping 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. Research analysts predict that Endeavour Mining will post 1.295132 EPS for the current fiscal year.

Endeavour Mining Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Investors of record on Friday, September 2nd will be issued a $0.512 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This is a positive change from Endeavour Mining's previous Semi-Annual dividend of $0.35. Endeavour Mining's payout ratio is presently 82.35%.

Insider Buying and Selling

In related news, Senior Officer Morgan Denis Carroll sold 25,000 shares of Endeavour Mining stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of C$29.80, for a total value of C$745,000.00. Following the completion of the sale, the insider now owns 263,463 shares of the company's stock, valued at C$7,851,197.40.