Endeavour Mining plc T.EDV

New Edison Note Today

[marben100]

Edison have published a new note on Endeavour today: https://www.edisongroup.com/publication/irrepressible/30332

It reflects ahead of expectation results for Q3 and maintains a minimum valuation of C$39.87/share.

Cheers,
Mark

[RONNIE111]

One thing that I found interesting in that Edison Report was that EDV plans to issue a dividend next year of at least $125 Mil C.  So at todays share price that would be at least 4%.  Pretty major dividend for a gold company that is still growing. EDV's problem is definitely not lack of cash.  No debt, low costs, expanding production, also no problems there.   The

[marben100]

$125m is the minimum target for the current FY ending this month. Of that, $70m (US$0.28/share) has already been paid at the interim stage. The final dividend will be declared with the Q4 results, in March. I'd be surprised if the final dividend was any less than the interim - so expecting a minimum of $140m for the FY. Endeavour have already declared a target of $150m for FY22 and $175m for

[Spartan8er]

Which is absolute trash. Thanks for pointing it out 2.9 percent when losing 50 in a month! Good tradeoff dont you think Einstein?