Endeavour Mining Corp (TSE:EDV) – Equities researchers at National Bank Financial reduced their FY2020 earnings per share estimates for Endeavour Mining in a note issued to investors on Monday, May 20th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $1.72 per share for the year, down from their previous forecast of $1.78. National Bank Financial currently has a “Outperform” rating and a $31.00 target price on the stock. National Bank Financial also issued estimates for Endeavour Mining’s FY2021 earnings at $2.13 EPS.
A number of other research analysts also recently commented on EDV. Raymond James increased their target price on Endeavour Mining from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Friday, January 25th. Pi Financial lifted their price target on Endeavour Mining from C$25.75 to C$26.50 in a report on Monday, March 25th. Royal Bank of Canada dropped their price objective on Endeavour Mining from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 13th. Desjardins reiterated a “buy” rating and issued a C$30.00 price objective on shares of Endeavour Mining in a research note on Tuesday, May 7th. Finally, CSFB set a C$32.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of C$29.39.
Endeavour Mining (TSE:EDV) last posted its earnings results on Tuesday, March 5th. The company reported C$0.20 earnings per share for the quarter, missing the Thomson Reuters’ 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.
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.
Read More: Do stock splits help investors?
Receive News & Ratings for Endeavour Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Mining and related companies with MarketBeat.com's FREE daily email newsletter.