Endeavour Mining (EDV) AI Stock Analysis

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Endeavour Mining

(TSX:EDV)

Rating:69Neutral

Price Target:

C$55.00

▲(8.48% Upside)

Endeavour Mining's overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust production and shareholder returns. However, technical indicators suggest potential overbought conditions, and the high P/E ratio indicates possible overvaluation, which tempers the overall score.

Positive Factors

Financial Performance

Endeavour has reached a free cash flow inflection point, offering a peer-leading capital returns outlook.

Growth Opportunities

Endeavour boasts a quality asset portfolio with a strong production profile and significant growth opportunities.

Negative Factors

Operational Challenges

Operational challenges at Sabodala-Massawa and Mana need to be addressed, although management's guidance considers some of these risks.

Endeavour Mining (EDV) vs. iShares MSCI Canada ETF (EWC)

Market Cap

C$11.94B

Dividend Yield2.67%

Average Volume (3M)481.45K

Price to Earnings (P/E)36.6

Beta (1Y)1.08

Revenue Growth78.26%

EPS GrowthN/A

CountryCA

Employees5,659

SectorBasic Materials

Sector Strength66

IndustryGold

Share Statistics

EPS (TTM)1.02

Shares Outstanding241,466,220

10 Day Avg. Volume516,491

30 Day Avg. Volume481,454

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

C$55.86

Price Target Upside10.18% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering10

Endeavour Mining Business Overview & Revenue Model

Company DescriptionEndeavour Mining (EDV) is a leading global gold mining company focused on the exploration, development, and production of gold assets in West Africa. The company operates several gold mines across countries such as Côte d'Ivoire, Burkina Faso, and Senegal, positioning itself as one of the largest gold producers in the region. Endeavour Mining is committed to sustainable mining practices and enhancing the economic development of the communities in which it operates.

How the Company Makes MoneyEndeavour Mining generates revenue primarily through the extraction and sale of gold. The company operates multiple mines, processing facilities, and exploration projects, which contribute to its gold production output. Revenue is driven by the volume of gold produced and the prevailing market prices for gold. Endeavour Mining also focuses on operational efficiencies, cost control, and strategic mine development to maximize profitability. Additionally, partnerships with local governments and adherence to regulatory frameworks help ensure stable operations and contribute to its earnings. The company may also engage in hedging activities to manage price volatility and secure favorable pricing for its gold sales.

Endeavour Mining Earnings Call Summary

Earnings Call Date:Jul 31, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Nov 06, 2025

Earnings Call Sentiment Positive

Endeavour Mining's earnings call reflected a generally positive sentiment, underlined by strong production and financial performance in H1 2025. The company achieved record free cash flow and shareholder returns, with successful exploration efforts bolstering future growth prospects. However, challenges such as increased costs, expected lower production in H2, and VAT receivables build-up were noted. The overall sentiment remains positive despite these challenges.

Q2-2025 Updates

Positive Updates

Strong Gold Production and Cost Management

In H1 2025, Endeavour produced 647,000 ounces of gold at an average all-in sustaining cost of $1,281 per ounce, a 16% improvement in throughput year-on-year, placing them on track to meet full-year guidance.

Record Free Cash Flow and Shareholder Returns

Endeavour generated $514 million of free cash flow in H1, equivalent to $794 per ounce of gold produced, allowing for a record first-half dividend of $150 million and $69 million in share buybacks.

Increased EBITDA and Margin

Adjusted EBITDA increased by 35% to nearly $1.2 billion from H2 2024, with a 5 percentage point rise in adjusted EBITDA margin to 57%.

Exploration Success and Growth Pipeline

The Assafou Project remains on track for DFS completion by early 2026, with ongoing exploration across various sites showing promising results.

Negative Updates

Increased Costs and Lower H2 Production Outlook

Q2 all-in sustaining costs rose to $1,458 per ounce due to higher gold prices affecting royalties and increased power costs, with lower production expected in H2 due to seasonal factors.

VAT Receivables Build-up

VAT receivables increased to $176 million, primarily in Burkina Faso, with efforts ongoing to offset or factor these receivables.

Potential Increase in Cote d'Ivoire Royalty Rates

There is ongoing negotiation with the government regarding a proposed 2% increase in royalty rates.

Company Guidance

During the second quarter of 2025, Endeavour Mining reported robust financial and operational performance, aligned with their previously set guidance. The company produced 647,000 ounces of gold in the first half of the year at an average all-in sustaining cost (AISC) of $1,281 per ounce. This production represents a 16% year-on-year increase when excluding the production from the new Lafigué mine. Endeavour generated $514 million in free cash flow during H1, equating to $794 per ounce of gold produced, and announced shareholder returns totaling $219 million, including a record half-year dividend of $150 million and $69 million in share buybacks. The company's leverage stands at 0.23x net debt to adjusted EBITDA, significantly below their target of 0.5x. Looking ahead, Endeavour maintains a strong focus on maximizing free cash flow and delivering enhanced shareholder returns, while advancing their organic growth pipeline, notably the Tier 1 Assafou Project, which is on track for feasibility study completion by early 2026.

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.

Income Statement

Positive

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

Positive

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

Positive

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	3.70B	2.68B	2.11B	2.07B	2.64B	1.42B
Gross Profit	1.60B	868.70M	745.30M	759.70M	1.50B	750.60M
EBITDA	1.65B	857.90M	864.70M	1.20B	1.14B	522.70M
Net Income	229.90M	-300.20M	-208.90M	-57.30M	215.50M	73.10M
Balance Sheet
Total Assets	5.83B	5.51B	5.86B	6.41B	6.77B	3.88B
Cash, Cash Equivalents and Short-Term Investments	669.80M	418.60M	517.20M	962.30M	906.20M	644.97M
Total Debt	1.18B	1.17B	1.11B	871.80M	893.00M	725.47M
Total Liabilities	2.60B	2.52B	2.31B	2.33B	2.39B	1.64B
Stockholders Equity	2.93B	2.71B	3.23B	3.66B	3.92B	2.06B
Cash Flow
Free Cash Flow	780.50M	257.60M	-116.10M	503.70M	643.60M	507.64M
Operating Cash Flow	1.38B	943.30M	646.50M	1.02B	1.17B	748.93M
Investing Cash Flow	-503.60M	-630.00M	-820.80M	-521.40M	-511.70M	-160.11M
Financing Cash Flow	-700.20M	-439.10M	-276.60M	-385.00M	-431.10M	-70.71M

Endeavour Mining Technical Analysis

Technical Analysis Sentiment

Positive

Last Price50.70

Price Trends

50DMA

44.24

Positive

100DMA

42.51

Positive

200DMA

35.69

Positive

Market Momentum

MACD

1.82

Negative

RSI

75.01

Negative

STOCH

91.76

Negative

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 50.7 is above the 20-day moving average (MA) of 47.28, above the 50-day MA of 44.24, and above the 200-day MA of 35.69, indicating a bullish trend. The MACD of 1.82 indicates Negative momentum. The RSI at 75.01 is Negative, neither overbought nor oversold. The STOCH value of 91.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EDV.

Endeavour Mining Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDV	69 Neutral	C$11.94B	36.56	8.03%	2.67%	78.26%	―
Sector *	62 Neutral	$10.28B	6.21	0.76%	2.84%	3.10%	-36.03%
EGO	―	$5.13B	12.57	10.82%	―	―	―
IAG	―	$5.41B	6.74	26.28%	―	―	―
BTG	―	$5.37B	―	-12.34%	2.88%	―	―
AGI	―	$13.26B	38.18	10.18%	0.31%	―	―
LUGDF	―	$15.93B	25.79	52.25%	2.37%	―	―

* Basic Materials Sector Average

Performance Comparison

TSE:EDV

Endeavour Mining

51.76

25.38

96.21%

EGO

Eldorado Gold

26.12

10.30

65.11%

IAG

IAMGOLD

9.91

5.10

106.03%

BTG

B2Gold

4.17

1.63

64.17%

AGI

Alamos Gold

32.19

14.17

78.63%

LUGDF

Lundin Gold

67.70

49.48

271.57%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 04, 2025