Scotiabank Decreases Earnings Estimates for Endeavour Mining

Endeavour Mining Corp. (TSE:EDV) – Analysts at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for shares of Endeavour Mining in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $1.19 for the year, down from their previous forecast of $2.08. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share. Scotiabank also issued estimates for Endeavour Mining’s FY2026 earnings at $1.98 EPS.

A number of other equities research analysts have also recently issued reports on EDV. Ventum Financial set a C$9.00 target price on shares of Endeavour Mining and gave the stock a “buy” rating in a research report on Wednesday, November 13th. CIBC dropped their price objective on shares of Endeavour Mining from C$44.00 to C$43.00 in a report on Monday, November 18th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets decreased their price target on Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th.

Endeavour Mining Stock Up 1.9 %

Endeavour Mining stock opened at C$26.58 on Monday. The firm has a market capitalization of C$6.48 billion, a price-to-earnings ratio of -26.58 and a beta of 0.92. The business’s fifty day moving average is C$27.19. Endeavour Mining has a 52-week low of C$21.11 and a 52-week high of C$34.84.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.