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Endeavour Mining Ord (TSE:EDV)
TSX:EDV
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Endeavour Mining (EDV) AI Stock Analysis

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TSE:EDV

Endeavour Mining

(TSX:EDV)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
C$63.00
â–˛(13.62% Upside)
Endeavour Mining's strong financial performance and positive earnings call sentiment are key strengths, supported by robust revenue growth and solid profitability margins. Technical indicators show a positive trend, although valuation metrics suggest the stock may be overvalued. Despite some challenges, the company's focus on maximizing free cash flow and shareholder returns enhances its investment appeal.
Positive Factors
Strong Revenue Growth
Consistent revenue growth indicates robust demand for gold and effective operational strategies, enhancing long-term profitability and market position.
Record Free Cash Flow
Strong cash flow generation supports financial flexibility, enabling strategic investments and shareholder returns, crucial for sustainable growth.
Exploration Success
Successful exploration efforts expand resource base and future production potential, reinforcing long-term growth and competitive advantage.
Negative Factors
Increased Costs
Rising costs can pressure margins and reduce profitability, necessitating effective cost management to maintain financial health.
VAT Receivables Build-up
High VAT receivables can strain cash flow and liquidity, potentially impacting operational efficiency and financial flexibility.
Potential Royalty Rate Increase
Increased royalty rates could elevate operational costs, affecting profitability and necessitating strategic adjustments to maintain margins.

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

Endeavour Mining Business Overview & Revenue Model

Company DescriptionEndeavour 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 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 13, 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
75
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
70
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
68
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.70B2.68B2.11B2.07B2.64B1.42B
Gross Profit1.60B868.70M745.30M759.70M1.50B750.60M
EBITDA1.65B857.90M864.70M1.20B1.14B522.70M
Net Income229.90M-300.20M-208.90M-57.30M215.50M73.10M
Balance Sheet
Total Assets5.83B5.51B5.86B6.41B6.77B3.88B
Cash, Cash Equivalents and Short-Term Investments669.80M418.60M517.20M962.30M906.20M644.97M
Total Debt1.18B1.17B1.11B871.80M893.00M725.47M
Total Liabilities2.60B2.52B2.31B2.33B2.39B1.64B
Stockholders Equity2.93B2.71B3.23B3.66B3.92B2.06B
Cash Flow
Free Cash Flow780.50M257.60M-116.10M503.70M643.60M507.64M
Operating Cash Flow1.38B943.30M646.50M1.02B1.17B748.93M
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 Price55.45
Price Trends
50DMA
55.55
Negative
100DMA
49.03
Positive
200DMA
41.68
Positive
Market Momentum
MACD
-0.37
Positive
RSI
45.04
Neutral
STOCH
15.96
Positive
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 55.45 is below the 20-day moving average (MA) of 58.81, below the 50-day MA of 55.55, and above the 200-day MA of 41.68, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 45.04 is Neutral, neither overbought nor oversold. The STOCH value of 15.96 is Positive, 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
$22.96B26.6552.25%2.96%63.08%177.42%
69
Neutral
C$12.89B39.498.03%3.04%78.26%―
68
Neutral
$7.14B14.739.54%―44.88%38.67%
66
Neutral
C$8.89B19.7510.09%―56.17%-51.73%
66
Neutral
$17.78B23.8514.27%0.32%34.64%115.75%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
51
Neutral
$7.42B―-12.34%2.46%15.08%-204.35%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:EDV
Endeavour Mining
55.45
26.82
93.68%
TSE:ELD
Eldorado Gold
37.38
14.18
61.12%
TSE:IMG
IAMGOLD
16.82
9.43
127.60%
TSE:BTO
B2Gold
5.70
1.59
38.75%
TSE:AGI
Alamos Gold
43.72
16.45
60.32%
TSE:LUG
Lundin Gold
101.16
70.77
232.84%

Endeavour Mining Corporate Events

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Neutral
Oct 22, 2025

Endeavour Mining announced the purchase of 15,000 of its ordinary shares as part of its ongoing buy-back program. The shares were bought at prices ranging from 3,048.00 GBp to 3,130.00 GBp, with a volume-weighted average price of 3,089.44 GBp. Following the cancellation of these shares, Endeavour’s total voting rights stand at 241,362,712, which shareholders can use for interest calculations under FCA rules. This transaction is part of the company’s strategy to manage its capital structure effectively.

Financial Disclosures
Endeavour Mining to Release Q3 2025 Financial Results on November 13
Neutral
Oct 13, 2025

Endeavour Mining has announced that it will release its Q3 2025 financial results on November 13, 2025, before the London Stock Exchange market opens. The company will hold a conference call and webcast on the same day to discuss the results, providing an opportunity for analysts and investors to engage with the management. This announcement is part of Endeavour’s ongoing efforts to maintain transparency with its stakeholders and could impact investor sentiment and market performance.

Regulatory Filings and Compliance
Endeavour Mining Announces Total Voting Rights Update
Neutral
Oct 7, 2025

Endeavour Mining plc has announced its total voting rights as of September 30, 2025, with an issued ordinary share capital of 241,429,712 shares. This figure is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules. The announcement highlights Endeavour’s compliance with regulatory requirements and provides transparency to its investors, reinforcing its commitment to responsible governance.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buyback Program
Positive
Sep 30, 2025

Endeavour Mining has executed a share buyback, purchasing 22,500 of its ordinary shares as part of its ongoing buy-back program. This transaction, conducted through Stifel Nicolaus Europe Limited, results in the company having 241,377,712 ordinary shares in issue, which will be used by shareholders to calculate their voting rights. The buyback is part of Endeavour’s strategy to manage its capital structure and enhance shareholder value.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buyback Program
Positive
Sep 26, 2025

Endeavour Mining has executed a share buyback program, purchasing 12,500 of its ordinary shares, as part of its ongoing strategy to enhance shareholder value. This transaction reduces the number of shares in treasury, impacting the total voting rights and potentially influencing shareholder interest calculations under regulatory guidelines.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Sep 19, 2025

Endeavour Mining announced the repurchase of 30,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed through Stifel Nicolaus Europe Limited, reflects Endeavour’s strategic efforts to manage its capital structure and potentially enhance shareholder value. Following the cancellation of these shares, the company’s total voting rights stand at 241,412,712, which stakeholders can use to assess their interests under regulatory guidelines.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Sep 18, 2025

Endeavour Mining plc announced a transaction involving the repurchase of 7,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, conducted through Stifel Nicolaus Europe Limited, aims to optimize the company’s capital structure by reducing the number of shares in circulation, thereby potentially enhancing shareholder value. The completion of this buy-back leaves Endeavour with 241,442,712 ordinary shares in issue, which will serve as the basis for shareholder voting rights calculations. This strategic move reflects the company’s commitment to maintaining a balanced financial approach and could have implications for its market positioning and stakeholder interests.

Stock Buyback
Endeavour Mining Executes Share Buyback, Adjusts Voting Rights
Neutral
Sep 15, 2025

Endeavour Mining has announced the repurchase of 15,000 ordinary shares as part of its ongoing buy-back program, with prices ranging from 2,814.00 GBp to 2,870.00 GBp. This transaction reduces the company’s treasury shares to zero, maintaining 241,449,712 shares in issue, which will impact shareholder voting rights calculations.

Regulatory Filings and Compliance
Endeavour Mining Announces Total Voting Rights Update
Neutral
Sep 3, 2025

Endeavour Mining announced its total voting rights as of August 31, 2025, with an issued ordinary share capital of 241,482,712 shares and 241,466,212 voting rights after accounting for treasury shares. This information is crucial for shareholders to determine their required notifications under the FCA’s Disclosure Guidance and Transparency Rules.

Stock Buyback
Endeavour Mining Executes Share Buyback
Neutral
Aug 22, 2025

Endeavour Mining plc has executed a share buyback transaction, purchasing 14,000 of its ordinary shares as part of its ongoing buy-back programme. This transaction, facilitated by Stifel Nicolaus Europe Limited, will result in the company having 241,464,712 ordinary shares in issue, impacting the total voting rights available to shareholders.

Business Operations and StrategyExecutive/Board Changes
Endeavour Mining Announces New Director Appointment
Positive
Aug 21, 2025

Endeavour Mining has announced that Alison Baker, the Senior Independent Director, has been appointed as an Independent Non-Executive Director at Central Asia Metals Plc. This appointment highlights Endeavour’s strategic positioning and its influence within the mining industry, potentially enhancing its operational and governance capabilities.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buyback, Adjusts Voting Rights
Neutral
Aug 21, 2025

Endeavour Mining plc has announced a transaction involving the repurchase of 18,456 of its ordinary shares, as part of its buy-back program initiated earlier in March 2025. These repurchased shares will be canceled, leaving the company with 241,478,712 ordinary shares in issue, which will also be the total voting rights. This strategic move is likely to impact the company’s share value and voting structure, potentially influencing shareholder interests and market perception.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Aug 20, 2025

Endeavour Mining plc announced the purchase of 20,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed by Stifel Nicolaus Europe Limited, reflects Endeavour’s strategic move to manage its share capital effectively, potentially enhancing shareholder value. Following the cancellation of these shares, the total voting rights in the company will be 241,497,168, which stakeholders can use to assess their holdings under regulatory guidelines.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Aug 18, 2025

Endeavour Mining announced the repurchase of 30,000 of its ordinary shares as part of a buy-back program initiated earlier in the year. This transaction, executed through Stifel Nicolaus Europe Limited, results in the company having 241,517,168 ordinary shares in issue, impacting the total voting rights available to shareholders. This strategic move is part of Endeavour’s efforts to enhance shareholder value and optimize its capital structure.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Enhance Shareholder Value
Positive
Aug 15, 2025

Endeavour Mining has announced a transaction involving the repurchase of 6,000 of its ordinary shares as part of its ongoing buy-back program. This move, executed through Stifel Nicolaus Europe Limited, is aimed at optimizing the company’s capital structure and enhancing shareholder value, leaving the company with 241,547,168 ordinary shares in issue. The buy-back program reflects Endeavour’s strategic focus on maintaining a robust financial position and delivering value to its stakeholders.

Stock Buyback
Endeavour Mining Executes Share Buy-Back
Neutral
Aug 14, 2025

Endeavour Mining plc has executed a buy-back of 20,000 of its ordinary shares as part of its previously announced buy-back program. Following this transaction, the company has no ordinary shares in treasury, with a total of 241,553,168 ordinary shares in issue, impacting the total voting rights available to shareholders.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Neutral
Aug 13, 2025

Endeavour Mining announced the repurchase of 15,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed through Stifel Nicolaus Europe Limited, is part of the company’s strategy to manage its share capital effectively. Following the cancellation of these shares, Endeavour will have 241,573,168 ordinary shares in issue, impacting the total voting rights available to shareholders.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Enhance Shareholder Value
Positive
Aug 11, 2025

Endeavour Mining plc announced the purchase of 30,000 of its ordinary shares as part of its buy-back programme. Following the cancellation of these shares, the total number of voting rights in the company will be 241,593,368. This move is part of Endeavour’s strategic efforts to manage its capital structure and enhance shareholder value.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Aug 8, 2025

Endeavour Mining plc has announced the purchase of 30,000 of its ordinary shares as part of its buy-back program. Following the cancellation of these shares, the company will have 241,623,368 ordinary shares in issue, which will be the new total voting rights figure. This move is part of Endeavour’s ongoing efforts to manage its capital structure and enhance shareholder value.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Aug 7, 2025

Endeavour Mining has announced the purchase of 30,000 of its ordinary shares as part of its buy-back program initiated in March 2025. This transaction, executed through Stifel Nicolaus Europe Limited, reflects the company’s strategic financial management and impacts its total voting rights, which now stand at 241,653,368. The buy-back program is intended to optimize the company’s capital structure and potentially enhance shareholder value.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 6, 2025

Endeavour Mining has executed a share buyback transaction, purchasing 30,000 of its ordinary shares as part of its ongoing buy-back program. This transaction reduces the total number of shares in issue to 241,683,368, which will be used for calculating shareholder voting rights. The move is part of Endeavour’s strategy to enhance shareholder value and reflects its strong financial position.

Endeavour Mining’s Earnings Call Highlights Robust Performance
Aug 6, 2025

The recent earnings call of Endeavour Mining painted a picture of robust operational performance, marked by significant production and cash flow achievements. The company showcased strong shareholder returns and strategic advancements in exploration projects. However, these positives were balanced by challenges such as increased costs in the second quarter, operational difficulties at specific sites, and the impact of high tax payments on cash flow.

Regulatory Filings and Compliance
Endeavour Mining Announces Total Voting Rights Update
Neutral
Aug 5, 2025

Endeavour Mining plc announced its total voting rights as of July 31, 2025, with an issued ordinary share capital of 241,797,962 shares and 33,500 shares held in treasury. The total number of voting rights is 241,764,462, which shareholders can use to determine their interest changes under FCA rules. This announcement is crucial for stakeholders to understand their voting power and any potential changes in their shareholding interests.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Optimize Capital Structure
Positive
Aug 5, 2025

Endeavour Mining has announced the repurchase of 30,000 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed by Stifel Nicolaus Europe Limited, reflects the company’s strategic move to manage its share capital and potentially enhance shareholder value. Following the cancellation of these shares, Endeavour’s total voting rights stand at 241,713,368, which shareholders can use to assess their interests under regulatory guidelines.

Stock Buyback
Endeavour Mining Executes Share Buyback
Neutral
Aug 4, 2025

Endeavour Mining has executed a share buyback transaction, purchasing 19,594 of its ordinary shares as part of its ongoing buy-back program. This transaction, facilitated by Stifel Nicolaus Europe Limited, results in the company having 241,743,368 ordinary shares in issue, impacting the total voting rights available to shareholders.

Business Operations and StrategyStock Buyback
Endeavour Mining Executes Share Buy-Back to Enhance Shareholder Value
Positive
Aug 1, 2025

Endeavour Mining has announced the purchase of 33,500 of its ordinary shares as part of its ongoing buy-back program. This transaction, executed through Stifel Nicolaus Europe Limited, will result in the cancellation of the repurchased shares, leaving the company with 241,762,962 ordinary shares in issue. This move is part of Endeavour’s strategy to manage its capital structure and enhance shareholder value.

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Endeavour Mining Achieves Strong H1-2025 Results with Record Free Cash Flow
Positive
Jul 31, 2025

Endeavour Mining reported robust financial and operational results for the first half of 2025, with a significant increase in gold production and free cash flow. The company produced 647,000 ounces of gold, a 38% increase over the previous year, and generated a record free cash flow of $514 million. Despite substantial tax payments, Endeavour declared a record dividend of $150 million and executed $69 million in share buybacks, reflecting strong shareholder returns. The company remains on track to achieve its full-year production and cost guidance, supported by its expanded portfolio and high-margin operations.

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: Oct 23, 2025