Endeavour Mining Kept at Outperform at BMO Following Q1 Results; Price Target Raised to C$50.00

MT Newswires Live
2025/05/03

BMO Capital Markets on Friday maintained its outperform rating on the shares of Endeavour Mining (EDV.TO) while raising its price target to C$50.00 from an undisclosed prior level following the company's first-quarter results.

"Impact: Positive. Endeavour reported Q1/25 results with better-than-expected production. 2025 guidance remains on track. Adj. EPS of US$0.90/sh was a significant beat relative to consensus estimate of US$0.62/sh (US$0.71/sh BMOe), due to higher production and lower costs. The company generated stronger than expected FCF during Q1, significantly reducing net debt. Endeavour's total shareholder returns are expected to outweigh the minimum 2025 returns (US$225M), with US$52M in share buybacks conducted to date and expectation for supplemental dividends.

We are maintaining our Outperform rating and incrementally increasing our target price to C$50.00/sh," analyst Raj Ray wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 38.75, Change: +0.75, Percent Change: +1.97

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