Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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<p>Following the end of Q3, we have revised our earnings forecasts for Endeavour to reflect a higher gold price (a likely quarterly average of US$1,474/oz cf a previous forecast US$1,416/oz), a slightly more disruptive rainy season than expected (at Houndé in particular) and the estimated impact of the company’s gold revenue protection strategy. Once these factors have been adjusted for, our estimate for FY19 adjusted net EPS rises by 19.0%, from 44.3cps to 52.7cps.</p>

Following the end of Q3, we have revised our earnings forecasts for Endeavour to reflect a higher gold price (a likely quarterly average of US$1,474/oz cf a previous forecast US$1,416/oz), a slightly more disruptive rainy season than expected (at Houndé in particular) and the estimated impact of the company’s gold revenue protection strategy. Once these factors have been adjusted for, our estimate for FY19 adjusted net EPS rises by 19.0%, from 44.3cps to 52.7cps.

Endeavour Mining - Valuation US$27.58; potential 32% upside

United Kingdom

Endeavour Mining Corporation is a gold mining company. The Company engages in gold mine production, development and exploration activities in West Africa. Endeavour Mining operates mining projects located in Ghana, Mali, Burkina Faso, and Cote d'Ivoire.

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Endeavour Mining (EDV CN)

Endeavour Mining - Valuation US$27.58; potential 32% upside

Following the end of Q3, we have revised our earnings forecasts for Endeavour to reflect a higher gold price (a likely quarterly average of...

Edison Investment Research

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