Raymond James Weighs in on Endeavour Mining plc’s Q3 2022 Earnings (TSE:EDV)

Endeavour Mining plc (TSE:EDV – Get Rating) – Stock analysts at Raymond James cut their Q3 2022 earnings per share estimates for shares of Endeavour Mining in a research report issued to clients and investors on Tuesday, April 19th. Raymond James analyst C. Stanley now forecasts that the company will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.47. Raymond James has a “Outperform” rating and a $43.00 price objective on the stock. Raymond James also issued estimates for Endeavour Mining’s Q4 2022 earnings at $0.32 EPS, FY2022 earnings at $1.71 EPS, Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.33 EPS, Q3 2023 earnings at $0.33 EPS and Q4 2023 earnings at $0.33 EPS.

Endeavour Mining (TSE:EDV – Get Rating) last released its earnings results on Thursday, March 17th. The company reported C$0.73 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.07. The company had revenue of C$878.74 million for the quarter, compared to the consensus estimate of C$899.35 million.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and set a C$2,500.00 target price on shares of Endeavour Mining in a research report on Friday, March 25th. Berenberg Bank cut their target price on Endeavour Mining from C$44.00 to C$42.00 in a research report on Tuesday, April 5th. Haywood Securities upped their target price on Endeavour Mining from C$46.00 to C$50.00 and gave the company a “buy” rating in a research report on Wednesday, April 6th. National Bankshares upped their target price on Endeavour Mining from C$44.25 to C$45.25 in a research report on Wednesday. Finally, Morgan Stanley restated a “hold” rating and set a C$2,060.00 price objective on shares of Endeavour Mining in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Endeavour Mining presently has an average rating of “Buy” and a consensus target price of C$707.11.

TSE:EDV opened at C$33.55 on Thursday. The stock has a fifty day moving average price of C$32.43 and a 200-day moving average price of C$30.56. The company has a market cap of C$8.34 billion and a price-to-earnings ratio of 29.72. The company has a debt-to-equity ratio of 20.36, a quick ratio of 1.77 and a current ratio of 2.41. Endeavour Mining has a fifty-two week low of C$25.50 and a fifty-two week high of C$35.94.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, March 16th. Shareholders of record on Friday, February 11th were issued a $0.354 dividend. The ex-dividend date of this dividend was Thursday, February 10th. This represents a yield of 1%. Endeavour Mining’s payout ratio is presently 57.57%.

In other news, Senior Officer Pascal Bernasconi sold 25,000 shares of the stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of C$30.79, for a total value of C$769,750.00. Following the completion of the sale, the insider now owns 68,787 shares of the company’s stock, valued at C$2,117,951.73. Also, Senior Officer Patrick Bouisset sold 450,000 shares of the stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of C$30.54, for a total value of C$13,743,000.00. Following the completion of the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately C$3,548,900.70.

Endeavour Mining Company Profile (Get Rating)

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.

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