Scotiabank Has Negative Forecast for TSE:EDV FY2024 Earnings

Endeavour Mining Corp. (TSE:EDV) – Analysts at Scotiabank reduced their FY2024 earnings estimates for shares of Endeavour Mining in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $1.19 per share for the year, down from their previous estimate 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.

Several other research analysts also recently commented on EDV. Ventum Cap Mkts raised Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the company a “buy” rating in a research report on Wednesday, November 13th. BMO Capital Markets decreased their target price on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Finally, CIBC cut their price target on Endeavour Mining from C$44.00 to C$43.00 in a report on Monday, November 18th.

Endeavour Mining Stock Performance

TSE:EDV opened at C$26.09 on Monday. The firm has a market capitalization of C$6.36 billion, a price-to-earnings ratio of -26.09 and a beta of 0.92. Endeavour Mining has a 12 month low of C$21.11 and a 12 month high of C$34.84. The company has a 50-day moving average price of C$27.27.

Endeavour Mining Company Profile

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.