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.

Endeavour Mining Stock Up 0.8 %

EDV opened at C$27.74 on Friday. The firm's 50-day simple moving average is C$26.77 and its 200-day simple moving average is C$29.74. The company has a debt-to-equity ratio of 20.93, a quick ratio of 1.18 and a current ratio of 1.55. Endeavour Mining has a twelve month low of C$23.70 and a twelve month high of C$35.94. The firm has a market cap of C$6.88 billion and a price-to-earnings ratio of 40.79.

Endeavour Mining (TSE:EDV - Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported C$0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.49 by C$0.08. The business had revenue of C$803.60 million for the quarter, compared to analyst estimates of C$760.25 million. Equities research analysts anticipate that Endeavour Mining will post 1.295132 EPS for the current fiscal year.

Endeavour Mining Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.512 per share. This is a boost from Endeavour Mining's previous Semi-Annual dividend of $0.35. The ex-dividend date is Thursday, September 1st. Endeavour Mining's dividend payout ratio (DPR) is currently 82.35%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Berenberg Bank restated a "buy" rating and set a C$3,000.00 target price on shares of Endeavour Mining in a research report on Thursday, July 7th. Barclays reaffirmed a "buy" rating on shares of Endeavour Mining in a research note on Thursday, August 4th. National Bankshares increased their price target on shares of Endeavour Mining from C$45.25 to C$46.00 and gave the stock an "outperform" rating in a research note on Monday, May 9th. Finally, Raymond James set a C$43.00 price objective on shares of Endeavour Mining and gave the stock an "outperform" rating in a research report on Friday, May 6th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Endeavour Mining currently has an average rating of "Moderate Buy" and a consensus target price of C$989.73.

Insider Transactions at Endeavour Mining

In other news, Senior Officer Morgan Denis Carroll sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of C$29.80, for a total transaction of C$745,000.00. Following the completion of the transaction, the insider now directly owns 263,463 shares of the company's stock, valued at approximately C$7,851,197.40.