Endeavour Mining (EDV) AI Stock Analysis

• Market Cap: C$18.56B
• Dividend Yield: 2.31%
• Average Volume (3M): 833.36K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 1.40
• Revenue Growth: 73.23%
• EPS Growth: N/A
• Country: CA
• Employees: 5,659
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.92
• Shares Outstanding: 241,241,010
• 10 Day Avg. Volume: 815,195
• 30 Day Avg. Volume: 833,364
• PEG Ratio: -0.33
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 17.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$84.45
• Price Target Upside: 9.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$87.00 ▲(13.10% Upside)

Endeavour Mining's overall stock score is driven by its solid financial performance and strong earnings call highlights, including record free cash flow and increased shareholder returns. Technical indicators support a positive outlook, while valuation metrics suggest moderate pricing. Challenges such as higher costs and specific operational issues are balanced by strong growth prospects and ESG leadership.

Positive Factors

Free Cash Flow Generation

Sustained, large free cash flow (record $680m YTD; ~ $1bn over 12 months) provides durable financial flexibility to fund growth projects, pay down debt, and sustain shareholder returns. This reduces reliance on external financing and helps the company weather commodity cycles.

Low Leverage and Solid Equity Base

A moderate debt-to-equity (0.40), strong equity ratio (~55.7%) and very low net-debt/EBITDA (~0.21x) create a resilient capital structure. This supports funding for the Assafou development, cushions commodity volatility, and preserves capacity for strategic M&A or shareholder returns.

Assafou Tier-1 Project Progress

Environmental permit approval and a planned DFS signal meaningful de-risking of a Tier‑1 project. If delivered, Assafou materially expands production capacity and reserves, diversifies country exposure in Côte d'Ivoire and strengthens long-term growth and cash generation potential.

Negative Factors

High All-in Sustaining Costs

AISC at $1,362/oz is relatively elevated and sensitivity to higher royalties increased unit costs. Persistently higher AISC compresses margins and free cash flow at lower gold prices, reducing the company's competitive cushion versus lower-cost peers over the medium term.

Mana Mine Cost Pressures

Structural cost drivers at Mana—self-generated power and elevated sustaining capex—raise unit costs and capex intensity. This can limit margin improvement and divert cash from growth or returns until operational or power solutions reduce long-run operating costs.

Delayed VAT Refunds in Burkina Faso

Prolonged VAT refund delays create recurring working capital strain and add financing or factoring costs. Country-specific fiscal and regulatory friction increases operational cash-flow variability and creates ongoing execution risk for West African operations.

Endeavour Mining Business Overview & Revenue Model

Company Description

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes 90% owned Houndé, Mana, Boungou, and Wahgnion mines in Burkina Faso; 85% owned Ity mine located in Côte d'Ivoire; 90% owned Sabodala-Massawa mine situated in Senegal; and Fetekro, Kalana, Bantou, Nabanga, and Afema development projects. The company was incorporated in 2021 and is based in London, the United Kingdom.

How the Company Makes Money

Endeavour Mining generates revenue primarily through the sale of gold produced from its mining operations. The company's revenue model relies on extracting gold ore from its mines, processing it into gold bullion, and selling it in the global market. Key revenue streams include the direct sale of gold bars, which are sold to various customers, including bullion banks and gold traders. Additionally, Endeavour benefits from hedging strategies that can stabilize cash flows by locking in gold prices. The company also engages in partnerships and joint ventures that can enhance its exploration capabilities and operational efficiencies, further contributing to its earnings. The overall profitability is influenced by factors such as gold market prices, production costs, and operational efficiency.

Endeavour Mining Financial Statement Overview

Summary

Endeavour Mining demonstrates robust revenue growth and solid profitability margins, particularly in gross profit and EBIT. The balance sheet is stable with moderate leverage, and cash flow generation is strong, though there is room for improvement in net profit margins and cash conversion efficiency. Overall, the company is well-positioned in the gold industry with a sound financial foundation.

Income Statement

Endeavour Mining has shown strong revenue growth with a 13.91% increase in the TTM period. The gross profit margin is solid at 43.40%, and the EBIT margin is healthy at 24.69%. However, the net profit margin is relatively low at 6.22%, indicating room for improvement in cost management or operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.40, suggesting a balanced approach to leveraging. The return on equity is modest at 8.06%, indicating efficient use of equity to generate profits. The equity ratio stands at 50.34%, reflecting a stable financial structure.

Cash Flow

Operating cash flow is strong, with a coverage ratio of 1.41, indicating good cash generation relative to net income. Free cash flow growth is positive at 2.01%, but the free cash flow to net income ratio of 0.56 suggests potential for better cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.90B	2.68B	2.11B	2.07B	2.64B	1.42B
Gross Profit	1.79B	868.70M	745.30M	759.70M	1.50B	750.60M
EBITDA	1.99B	857.90M	864.70M	1.20B	1.14B	522.70M
Net Income	492.30M	-300.20M	-208.90M	-57.30M	215.50M	73.10M
Balance Sheet
Total Assets	5.56B	5.51B	5.86B	6.41B	6.77B	3.88B
Cash, Cash Equivalents and Short-Term Investments	292.00M	418.60M	517.20M	962.30M	906.20M	644.97M
Total Debt	803.40M	1.17B	1.11B	871.80M	893.00M	725.47M
Total Liabilities	2.13B	2.52B	2.31B	2.33B	2.39B	1.64B
Stockholders Equity	3.10B	2.71B	3.23B	3.66B	3.92B	2.06B
Cash Flow
Free Cash Flow	902.60M	257.60M	-116.10M	503.70M	643.60M	507.64M
Operating Cash Flow	1.44B	943.30M	646.50M	1.02B	1.17B	748.93M
Investing Cash Flow	-488.30M	-630.00M	-820.80M	-521.40M	-511.70M	-160.11M
Financing Cash Flow	-1.03B	-439.10M	-276.60M	-385.00M	-431.10M	-70.71M

Endeavour Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 76.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EDV, the sentiment is Positive. The current price of 76.92 is above the 20-day moving average (MA) of 71.88, above the 50-day MA of 65.12, and above the 200-day MA of 50.17, indicating a bullish trend. The MACD of 3.05 indicates Negative momentum. The RSI at 64.49 is Neutral, neither overbought nor oversold. The STOCH value of 79.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EDV.

Endeavour Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGC	78 Outperform	$10.26B	18.53	21.15%	0.42%	51.00%	532.40%
AGI	77 Outperform	C$25.06B	33.66	14.27%	0.25%	34.64%	115.75%
EDV	76 Outperform	C$18.56B	27.12	16.65%	2.31%	73.23%	―
IMG	73 Outperform	C$14.70B	29.04	10.09%	―	56.17%	-51.73%
EQX	73 Outperform	C$15.99B	298.24	1.41%	―	90.17%	-91.76%
BTO	67 Neutral	$8.66B	27.96	6.90%	1.71%	34.31%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%