Endeavour Mining (EDV) Set to Announce Earnings on Wednesday

Endeavour Mining (TSE:EDV) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Endeavour Mining to post earnings of C($0.38) per share for the quarter.

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

Shares of TSE:EDV opened at C$18.74 on Wednesday. Endeavour Mining has a 1-year low of C$16.34 and a 1-year high of C$24.65. The company has a quick ratio of 0.74, a current ratio of 1.32 and a debt-to-equity ratio of 68.05. The firm has a market cap of $2.01 billion and a PE ratio of -13.94.

In related news, Senior Officer Morgan Denis Carroll sold 14,000 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of C$21.95, for a total transaction of C$307,300.00. Following the sale, the insider now directly owns 106,633 shares of the company’s stock, valued at C$2,340,594.35.

Several brokerages have recently weighed in on EDV. National Bank Financial upgraded Endeavour Mining from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$29.00 to C$31.00 in a report on Tuesday, April 9th. Pi Financial increased their price objective on Endeavour Mining from C$25.75 to C$26.50 in a research report on Monday, March 25th. Raymond James set a C$31.00 price objective on Endeavour Mining and gave the company an “outperform” rating in a research report on Wednesday, March 20th. CSFB set a C$32.00 price objective on Endeavour Mining and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, 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 report on Wednesday, March 13th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$29.73.

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Endeavour Mining Company Profile

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 for Endeavour Mining (TSE:EDV)

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