Update shared on24 Sep 2025
Fair value Increased 1.20%Analysts have raised their price target for Endeavour Mining to CA$54.33, reflecting optimism around gold price forecasts, robust production growth, operational improvements, and stronger balance sheet expectations, partially offset by concerns over geopolitical risks and higher sustaining CAPEX.
Analyst Commentary
- Bullish analysts cite stronger gold price forecasts as a primary driver for higher price targets.
- Upgrades reflect expectations for robust production growth and operational improvements at key West African assets.
- Improved cost control measures and cash flow generation are supporting upward revisions.
- Positive updates highlight anticipated balance sheet strengthening and disciplined capital allocation.
- Bearish analysts reference concerns around geopolitical risks and higher-than-expected sustaining CAPEX, contributing to downward target revisions.
What's in the News
- Q2 production was 360,000 ounces, slightly below Q1 but aligned with mine plans due to lower grades at key sites; H1 output reached 647,000 ounces, meeting 58% of low-end annual guidance.
- Record interim dividend of $150 million ($0.62 per share) declared for H1 2025.
- Company reiterates full-year 2025 production guidance of 1,110–1,260koz at an AISC of $1,150–1,350/oz; H1 AISC impacted by increased power and royalty costs.
- Completed buyback of 1,000,000 shares (0.41% of shares outstanding) for CAD 28.1 million during Q2.
Valuation Changes
Summary of Valuation Changes for Endeavour Mining
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$53.68 to CA$54.33.
- The Future P/E for Endeavour Mining has significantly risen from 18.95x to 26.12x.
- The Consensus Revenue Growth forecasts for Endeavour Mining has significantly risen from -3.8% per annum to -2.9% per annum.
Disclaimer
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