Endeavour Mining plc T.EDV

One step up, two steps down

[galnakon]

For every new gold high, Endeavour is peaking lower and lower. This has been a awfully bad performance from Endeavour since 2020...

Feb 2017, gold was at 1220, EDV.TO at 28.
Six years later, gold is at 2000 and EDV.TO is still at 28. Can't imagine if gold was back to 1225, Endeavour would be at 5.

2020, gold peaked at 2080, Endeavour at 39
2022, gold peaked at 2080, Endeavour at 36
2023, gold peaked at 2130, Endeavour at 32

Down, down, down....

[Dale327845]

Yes everyone here is disappointed that EDV isn't much higher.  But EDV is just paralleling the general  market in gold companies.   GDX which is the best indicator we have for the general market, had the same peaks in those years, and they also were lower each time.  EDV has done a little better than GDX  as GDX is up 46.87% over the last five years , and EDV up

[galnakon]

Wow. Minus today... Amazing.

[galnakon]

Today Endeavour is down on very high volumes. When gold is going up 70$ the stock is going up a bit. Then, when it normally retraces 30% of its upswing, Endeavour loses 50% of its gains. As I said, one step up, two steps down. Worthless. We need higher and higher gold prices just to hold the price at the same level. Gold is up 10% on the year, this stock is barely up 2%. Where is the leverage

[couples4]

Je comprends la frustration qu il y a ici...Au mois de juin dernier,quand le prix de l or a monte,j ai vendu 1/4 de mon EDV @ 36,60 pour acheter du Agnico Eagle @ 69$...Aujourd'hui,alors que l or est en haut de 2000$,EDV est en bas de 30$ et Agnico est tout pres de 73 $....Il n y a pourtant pas de croissance speciale qui s en vient pour Agnico alors que c est tout le contraire pour EDV avec

[theCurse]

You continue to spout your "cherry picked" single day/short period nonsense.  Just compare EDV to either the GDX/GDXJ and then come here and complain.    Yes, they divert - but both back and forth.  Until you compare it to something else and actually base it on fact and not these single day data points, it's just noise.  Despite the POG, the entire gold

[theCurse]

Plus the dividend comparison.... The GDX has an average dividend yield of ~1.6% (2023) Tthe GDXJ has an average dividend yield of ~0.5% (2023) EDV 3.6%

[galnakon]

I am not comparing EDV.TO to GDX but to gold. And the fact is that we need higher and higher gold price just to make the stock keep its price. This is not sustainable. One step up two steps down is perfectly illustrated by the last two days. Yesterday gold went up 20$, EDV went up from 29,90 to 30,64. A retracement of 10$ for gold, and EDV is back to 29.90. So now gold is 10 bucks higher and EDV

[Dale327845]

Yes , everyone agrees that EDV is awfully performing , stock price wise.  (The company itself is doing very very good, in pretty much every way) So maybe we don't need to be told that anymore?   And since every gold company I hold shares in is doing exactly the same thing, or worse, and since the general gold company market is doing the exact same thing; well, then people like

[theCurse]

Well said Dale.  As i have mentioned many times, holding gold companies (explorers or miners) is not a long term proposition imo.  in the past i have held on through cycles and it is painful and foolish. Out in the high mid 30's - back in at the mid 20's - be around for the dividends.  Take  profits.  Much more success doing that over the last 7 yrs. 

[matt2018]

interesting conversation here gents and well said theCurse, long term holds are a difficult proposition for these miners.  Same goes with the energy producers. You wait for Qtr report and it looks good and they made good profit and then the price of Oil gets whacked and back down it goes. One of the other issues I have noticed with the Gold miners is the all-in cost per ounce keeps rising at

[mercedesman]

I am of the opinion that for the time being it matters not what the Company does. The fact is that they are being lumped together with all other gold equities. Gold mining is, and will continue to be, an out of favour sector with the market until, all of a sudden, it isn't. I expect that something in 2024/25 will change the sentiment  and it will lead to a convincing breakout of gold

[galnakon]

So tragic. Endeavour is not even rising anymore where gold is up... Like last friday... Wait for the tick down in gold and Endeavour will lose 5% in no time. On a 2 years scale, gold has actually outperformed Endeavour. So much for the leverage on the upside. But be sure you will have the leverage on the downside.  So disappointing.

[galnakon]

Gold is skyrocketing and Endeavour is not even moving... For the last month, gold has been increasing a lot and Endeavour is actually down 5%....  Don't tell me EDV is outperforming GDX, it's definitely NOT. Not on a day, a week, a month, a year or several years.

[galnakon]

Look at this. Exactly the same pattern every up day. Now in red for the day... Gold up 20 bucks. Endeavour barely moving up. Retracement of 5 bucks and Endeavour is in the red. Only downticks in gold matters. It could go to 3000 by +20 -10 +20 -10 and Endeavour would go down on every retracement. It makes no sense. Something is definetely broken. 

[galnakon]

Here it is. Gold closes at record high and Endeavour closes red. Well done. Weakness by excellence. 

[Dale327845]

I think you are on to something gal.  Today did really hurt.  Gold is at an all time high, if you remove the very short lived spikes.  And Endeavour can't catch a bid.  And we can talk all we want about all the money, all the wonderful properties, all the great amazing future prospects, but here we are.  My own theory is that it is a fundamental problem, that with EDV

[matt2018]

adding to mercedesman comments..... I believe investors are also tired of waiting for improved earnings from the miners that higher gold prices should provide, but they seem to consistantly come up short. Check the NET earnings on EDV and the others.  Its not like they are knocking it out of the park. And as for the traditional "store of value", new gen are going into crypto like

[Dale327845]

Agree with what you say, except on the next gen going in Bitcoin and Ethereum.  The total value of all Bitcoin today is a mere $828.94 billion US , which might sound like a bunch, but Apple alone, one company, has a market cap of  Three trillion today, yes trillion.  And there are dozens of companies all over the world with bigger net worth than all of Bitcoin.  And besides

[matt2018]

Not advocating for Crypto, its been around a very short period of time vs gold but is definetley taking away investment dollars from gold. Its not only the coins, then you have all the other public companies associated in the space like the miners, exchanges, etc.  Billions are going into the space daily. Marathon Digital (MARA) now has a market cap close to EDV hitting $31.00 share yesterday

[matt2018]

forgot to compare the returns you mention in your previous post...... "Gold on the other hand is up 14.57% one year, 63%  5 years, and 405% 20 years". Bitcoin is up 163% for 1 year, 1,192% for 5 years and 25,045% for 10 years

[Dale327845]

Sounds like you should be in Bitcoin then.  And yes we all wish we would have bought a little 10 years ago. But I can also list a whole bunch of stuff, companies, etc. that I wish I had bought ten years ago.  But I have never had much luck gambling, which has kept me away from things like Bitcoin, which as far as I can see have no other purpose.  Well, to be truly accurate

[matt2018]

we can't compare gold stocks to Costco, Nvidia, Tesla, etc. Could only compare it to perceived "store of value" strategy, historically Gold's main purpose (hedge against inflation for example).  Just saying that new gen of investors don't care much for gold. Yes, I am invested in Bitcoin/Crypto companies (but mostly Oil, Gold, Copper co's). It's very volatile

[Dale327845]

Playing Bitcoin , or any of the thousands of other such like, is as close as you can get to pure gambling.  Now physical gambling such as flipping a coin, picking a colour or number on the roulette wheel, etc. are the purest of gambling; outside of that,  I can't think of anything as devoid of fundamentals, logic, patterns, reasoning of any sort, as gambling on the Cryptos.  It

[matt2018]

agreed, EDV is a quality gold company. I am holding here, have not sold any shares since I received them from the Terranga Gold buyout. But didnt you mention you sold your EDV holding recently?

[Dale327845]

Nah , never sold.  I was just teasing galnak, trying to draw him out.  Curious what motivates him - gotta be a him.  He has been posting the same nonsense post about EDV for years.  He  said a few years ago that he is all sold out but yet continues.  Not a big deal, but I always wonder what motivates someone to do something  that , to be nice, doesn't seem to

[galnakon]

Clean technical bounce at low 29. Could be good.... Maybe the weakness was just technical after all, which would be very welcome. Hope never dies.

[galnakon]

Not complaining or anything. Just posting some data. On the following 6 dates, gold hit 2065$. Here are EDV.TO stock price on those dates. 2022-03-08 34,19 2023-05-04 35,95 2023-12-01 32,03 2023-12-22 30,05 2023-12-28 29,76 2023-12-29 29,66

[toroshto]

We have some traffic in the last few days! Hopefully it is a good omen of what is to come. I hav3 been in EDV since the Avin days and accumulating since then. I am a believer in gold at this time and edv has a good portfolio of properties. So I guess I will stay put but perhaps cash in some gains although I hate to lose in the dividends. No bitcoin for me!! i own various gold stocks, my second is

[matt2018]

Say what you want about it but at least when bitcoin price is up, crypto stocks go up. Gold price is up and seems like a cooridinated attack on gold stocks to the downside of 1% to 1.5%. The only gold stock I own thats not down is GAU. Not judging by one day move by any stretch (actually added on some) but you dont dind it odd trading behaviour to start the year with Gold price near ATH?

[theCurse]

HF - do you think i am making this up.  Instead of this "gut feeling" you have about EDV vs GDX.  Just look at an actual factual graph.  Yes - no doubt the last month the GDX has outperformed EDV.    It's back a forth all the time.  April to July EDV way ahead of the GDX - and i didn't remember you coming on here mentioning that at the time

[mercedesman]

Re Earnings not keeping pace with the POG  guessing we averaged $ 1900/oz  in 2023  Guessing we'will average $2100/oz in 2024 Guessing the highest input cost ( oil) will be way down yoy.  watch what happens to the bottom line.. Most of the above drops right to the bottom line.  Then factor in a return to +1.5M oz based on new mines ( with low AiSC)