National Bank Financial Analysts Decrease Earnings Estimates for Endeavour Mining Corp (EDV)

Endeavour Mining Corp (TSE:EDV) – National Bank Financial lowered their FY2019 earnings estimates for Endeavour Mining in a note issued to investors on Monday, May 20th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.67 for the year, down from their prior estimate of $0.80. National Bank Financial currently has a “Outperform” rating and a $31.00 target price on the stock.

Endeavour Mining (TSE:EDV) last announced its earnings results on Tuesday, March 5th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.32 by C($0.12). The business had revenue of C$274.64 million during the quarter, compared to the consensus estimate of C$234.45 million.



Other equities research analysts also recently issued reports about the company. Raymond James reissued an “outperform” rating and issued a C$31.00 price objective on shares of Endeavour Mining in a research note on Friday, May 3rd. Pi Financial raised their target price on Endeavour Mining from C$25.75 to C$26.50 in a report on Monday, March 25th. CSFB set a C$32.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Royal Bank of Canada cut their target price on Endeavour Mining from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. Finally, Desjardins reiterated a “buy” rating and issued a C$30.00 price objective on shares of Endeavour Mining in a research report on Tuesday, May 7th. Seven analysts have rated the stock with a buy rating, Endeavour Mining presently has an average rating of “Buy” and a consensus target price of C$29.76.

Shares of EDV opened at C$19.19 on Wednesday. The firm has a market cap of $2.09 billion and a P/E ratio of -12.03. The company has a quick ratio of 0.59, a current ratio of 1.15 and a debt-to-equity ratio of 75.18. Endeavour Mining has a 12 month low of C$16.34 and a 12 month high of C$24.65.

About Endeavour Mining

Endeavour Mining Corporation operates as an intermediate gold producer in West Africa. Its flagship properties are the Houndé mine located in Burkina Faso and the Ity CIL project situated in Côte d'Ivoire. As of December 31, 2018, the company had proved and probable reserves of 8.0 million ounces, as well as measured and indicated resources of 13.9 million ounces of gold.

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Earnings History and Estimates for Endeavour Mining (TSE:EDV)

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