National Bank Financial Forecasts Endeavour Mining FY2029 Earnings

Analysts from National Bank Financial have shared their earnings per share predictions for Endeavour Mining Corp. (TSE:EDV - Free Report) for the fiscal year 2029. According to a research note released to investors on March 12, analyst D. Demarco estimates that Endeavour Mining will achieve earnings of $3.22 per share. This stands in contrast to the current consensus estimate for the company's full-year earnings, which is $4.45 per share.

Recently, several other brokerage firms have provided updates regarding their outlook on Endeavour Mining's stock. For instance, BMO Capital Markets lowered their price target for the stock from C$8.50 to C$8.00 in a report on January 9. Meanwhile, CIBC downgraded Endeavour Mining from an "outperform" rating to a "neutral" rating, adjusting their price target from C$41.00 to C$37.00 in a note released on February 27. In a separate note, TD Securities upgraded Endeavour Mining to a "strong-buy" rating on February 4. Additionally, CIBC World Markets also reduced their rating from "strong-buy" to "hold" on February 27. Currently, three equity research analysts have assigned a hold rating to the stock, while one has given it a buy rating, and three others have recommended a strong buy. MarketBeat data shows that the company holds an average rating of "Buy" with an average target price of C$23.50.

Recent Stock Performance

As of Friday, Endeavour Mining's shares opened at C$32.10. The company boasts a market capitalization of C$5.48 billion, with a price-to-earnings ratio of -16.07 and a beta of 0.92. Over the past year, the stock has seen a low of C$25.03 and a high of C$34.84. The 50-day moving average for the stock is C$29.35, while the 200-day moving average stands at C$29.39.

Dividend Announcement

Endeavour Mining has also recently made an announcement about increasing its dividend. The company has declared a dividend of $0.57 per share, which is set to be paid on April 15. Shareholders of record on that date will receive this dividend, an increase from the previous $0.41 per share. The ex-dividend date is March 14, and this new dividend represents a yield of 1.99%. Currently, Endeavour Mining's dividend payout ratio is -56.07%.

Company Overview

Endeavour Mining PLC is recognized as a significant gold producer operating in West Africa, with assets across Senegal, Cote d'Ivoire, and Burkina Faso. The company possesses a portfolio that includes advanced development projects and exploration assets situated in the highly promising Birimian Greenstone Belt in West Africa.

Investment Considerations

Before making any investment decision regarding Endeavour Mining, potential investors are encouraged to review the company’s performance and market outlook carefully. It is essential to assess whether this stock aligns with your investment strategy.

Endeavour, Mining, Earnings