Endeavour Mining Corp: Analysts are Bullish with a Strong Buy rating

The overall fundamental analysis for Endeavour Mining is graded at a  score of 5 out of 10; Where the stock is considered neutral (not bearish or bullish).

Endeavour Mining Corp Stock Analysis:

The average analyst target price for Endeavour Mining Corp. over the next 12 months, based on projections from 8 analysts, is CAD 34.26. The consensus analyst recommendation for Endeavour Mining Corp. is rated as a Strong Buy. Endeavour Mining Corp’s stock analysis by Stock Target Advisor is Neutral and is based on 7 positive and 7 negative signals. The stock price of Endeavour Mining Corp. was CAD 26.98 at the most recent closure. The stock price of Endeavour Mining Corp has changed by +15.60% in the last week, +9.41% in the last month, and -20.58% in the past year.

 

Endeavour Mining Corp. News:

Endeavour Mining [LON:EDV], an African gold miner just released some positive data this week, that the company outperformed production forecasts. Endeavour Mining currently has $833 million in cash on hand at the conclusion of the quarter, in which executives stated it puts the firm in a strong financial  position.

The miner has  almost 50% of its original capital invested, as the company revealed that its Sabodala-Massawa expansion project in Senegal is progressing as planned. According to reports, pricing meets expectations. Its Cote D’Ivoire-based Lafigué greenfield project is scheduled to begin producing gold in the third quarter of 2024.  With respect to the company’s Tanda-Iguela project in Cote D’Ivoire, management is anticipates the resource allocation to be disclosed in the coming weeks. Exploration within the Tanda-Iguela project in Cote D’Ivoire, has seen strong results so far through the backing of  $68 million invested so far this year into the project.

Analysts at B. Riley cut the Q4 2022 earnings per share  forecast for the company on Wednesday, November 9th. The analyst  now expects that EDV will earn nothing per share for the quarter, down from their previous estimate of $0.04 per share. The consensus estimate for EDV’s  full-year earnings forecast is $0.12 per share. B. Riley also published forecasts for EDR’s first quarter, 2023 earnings at $0.04 earnings per share.

 

About Endeavour Mining Corp (EDV:CA:TSX)

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It has six operating assets, including the Boungou, Houndé, Mana, and Wahgnion mines in Burkina Faso; the Ity mine in Côte d’Ivoire; the Sabodala-Massawa mine in Senegal; Lafigué and Kalana development projects in Côte d’Ivoire and Mali; and a portfolio of exploration assets on the Birimian Greenstone Belt across Burkina Faso, Côte d’Ivoire, Mali, Senegal, and Guinea. The company was incorporated in 2021 and is based in London, the United Kingdom.

 

Fundamental Stock Analysis:

 

Positive Fundamentals:

High market capitalization.  This organization is among the top quartile and is one of the biggest in its industry. These businesses are typically more reliable.

Low turbulence. For a hold duration of at least 12 months, the stock’s yearly returns have been stable and constant when compared to peers in its industry, and they are in the top quartile. Although stability is desirable, it can also restrict returns.

Superior capital efficiency.  In the last four quarters, firm management outperformed its counterparts in terms of return on invested capital, putting it in the top quartile.

Positive cash flow.  The last four quarters saw positive total cash flow for the organization.

Positive free cash flow.  The last four quarters saw the company generate positive total free cash flow.

Superior growth in earnings.  In the preceding five years, this stock’s profits growth was in the top quartile for its industry.

Superior growth in revenue.  Compared to its industry, this stock’s revenue growth over the previous five years has been in the top quartile.

 

Negative Fundamentals:

Total returns that are below the median.  In terms of annual average total returns during the previous five years, the company lagged behind its competitors.

Lower than average dividend returns.  In comparison to its competitors, the company’s average income yield during the past five years has been low. If you are not seeking for work, it is not an issue.

Overvalued compared to earnings. The stock is trading above the sector median and at a premium to its peers in terms of price to earnings.

Compared to book value, it is overpriced. On a price to book value basis, the stock is selling at a premium to the median of its peer group.

Overpriced based on cash flow.  On a price to cash flow ratio, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.

Extremely leveraged.  In terms of debt to equity, the company is heavily leveraged and in the bottom half of its sector rivals. Check the news, though, and study the sector and management remarks. This can be high at times since the business is attempting to grow quickly.

Expensive compared to free cash flow.  On a price to free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.

The overall fundamental analysis for Endeavour Mining is graded at a  score of 5 out of 10. where the stock is considered as Neutral(not bearish or bullish).

 

Analysts rate Argonaut Gold Inc.(AR:TSX) with a Strong Buy rating and a target price of $1.60

Argonaut Gold Inc Stock Analysis:

Analysts rate Argonaut Gold Inc. with a consensus Strong Buy rating and a 12-month average target price of $1.60 per share.

Based on the Argonaut Gold Inc stock forecasts from 4 analysts, the average analyst target price for Argonaut Gold Inc is CAD 1.60 over the next 12 months. Argonaut Gold Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Argonaut Gold Inc is Neutral, which is based on 5 positive signals and 6 negative signals. At the last closing, Argonaut Gold Inc’s stock price was CAD 0.43Argonaut Gold Inc’s stock price has changed by -3.37% over the past week, -31.75% over the past month and -84.97% over the last year.

About Argonaut Gold Inc (AR:CA:TSX)

Argonaut Gold Inc. is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico. The advanced exploration projects of the company include the San Antonio project in Baja California Sur, Mexico, the Cerro del Gallo project in the State of Guanajuato, Mexico, the Ana Paula project in the State of Guerrero, Mexico, and the Magino project in the Province of Ontario, Canada. The Company also holds several other exploration stage projects, all of which are located in North America. Argonaut Gold Inc. was founded in 2007 and is headquartered in Reno, Nevada.

What we like:

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Analysts rate Wesdome Gold Mines Ltd.(WDO:TSX) with Strong Buy rating and a target price of $16.43

Wesdome Gold Mines Ltd. Stock Analysis:

Analysts rate Wesdome Gold Mines Ltd. with a consensus Strong Buy rating and a 12-month average target price of $16.43 per share.

Based on the Wesdome Gold Mines Ltd. stock forecasts from 8 analysts, the average analyst target price for Wesdome Gold Mines Ltd. is CAD 16.43 over the next 12 months. Wesdome Gold Mines Ltd.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Wesdome Gold Mines Ltd. is Slightly Bullish , which is based on 8 positive signals and 5 negative signals. At the last closing, Wesdome Gold Mines Ltd.’s stock price was CAD 9.49Wesdome Gold Mines Ltd.’s stock price has changed by +13.11% over the past week, +16.44% over the past month and -5.67% over the last year.

About Wesdome Gold Mines Ltd. (WDO:CA:TSX)

Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. It principally produces gold in the form of doré bars, as well as silver as a by-product. The company’s properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario; and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-d’Or, Québec. Wesdome Gold Mines Ltd. is based in Toronto, Canada.

What we like:

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Analysts rate Orezone Gold Corp.(ORE:TSX) with a Strong Buy rating and a target price of $2.40

Orezone Gold Corp Stock Analysis:

Analysts rate Orezone Gold Corp with a consensus Strong Buy rating and a 12-month average target price of $2.40 per share.

Based on the Orezone Gold Corp stock forecasts from 1 analysts, the average analyst target price for Orezone Gold Corp is CAD 2.40 over the next 12 months. Orezone Gold Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Orezone Gold Corp is Bearish, which is based on 1 positive signals and 7 negative signals. At the last closing, Orezone Gold Corp’s stock price was CAD 1.32Orezone Gold Corp’s stock price has changed by +6.45% over the past week, -2.22% over the past month and +22.22% over the last year.

About Orezone Gold Corp (ORE:CA:TSX)

Orezone Gold Corporation engages in the exploration and development of gold properties. Its flagship property is the 90%-owned Bomboré gold project comprising a block of contiguous permits covering an area of 15,029 ha located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.

What we like:

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

Analysts rate Karora Resources Inc(KRR:TSX) with a Buy rating and a target price of $6.30

Karora Resources Inc Stock Analysis:

Analysts rate Karora Resources Inc with a consensus Buy rating and a 12-month average target price of $6.30 per share.

Based on the Karora Resources Inc stock forecasts from 7 analysts, the average analyst target price for Karora Resources Inc is CAD 6.30 over the next 12 months. Karora Resources Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Karora Resources Inc is Slightly Bullish , which is based on 7 positive signals and 5 negative signals. At the last closing, Karora Resources Inc’s stock price was CAD 2.40Karora Resources Inc’s stock price has changed by -14.29% over the past week, -23.08% over the past month and -23.57% over the last year.

About Karora Resources Inc (KRR:CA:TSX)

Karora Resources Inc. operates as a multi-operational mineral resource company in Australia. The company explores for gold and nickel deposits. It holds 100% interests in the Beta Hunt Gold Mine; the Higginsville Gold Operations; and Spargos Reward Gold Project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc. in June 2020. Karora Resources Inc. was incorporated in 2006 and is headquartered in West Perth, Australia.

What we like:

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What we don’t like:

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.