FY2019 EPS Estimates for Endeavour Mining Corp (TSE:EDV) Cut by Clarus Securities

Endeavour Mining Corp (TSE:EDV) – Analysts at Clarus Securities cut their FY2019 earnings per share estimates for shares of Endeavour Mining in a research note issued on Thursday, May 2nd, Zacks Investment Research reports. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings of $1.01 per share for the year, down from their prior estimate of $1.14. Clarus Securities also issued estimates for Endeavour Mining’s FY2020 earnings at $2.75 EPS.

Endeavour Mining (TSE:EDV) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.20 EPS for the quarter, missing the Thomson Reuters’ 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.

Several other research firms also recently commented on EDV. Royal Bank of Canada decreased their price objective on Endeavour Mining from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Pi Financial lifted their price objective on Endeavour Mining from C$25.75 to C$26.50 in a report on Monday, March 25th. Raymond James set a C$31.00 price objective on Endeavour Mining and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Desjardins reiterated a “buy” rating and issued a C$30.00 price objective on shares of Endeavour Mining in a report on Tuesday, May 7th. Finally, National Bank Financial raised Endeavour Mining from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$29.00 to C$31.00 in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$29.39.

Shares of EDV traded up C$0.23 during trading hours on Monday, hitting C$19.47. The company had a trading volume of 93,416 shares, compared to its average volume of 202,951. The company has a market cap of $2.12 billion and a P/E ratio of -12.21. The company has a current ratio of 1.15, a quick ratio of 0.59 and a debt-to-equity ratio of 75.18. Endeavour Mining has a 52-week low of C$16.34 and a 52-week high of C$24.65.

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.

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Earnings History and Estimates for Endeavour Mining (TSE:EDV)

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