Endeavour Mining stock reports strong Q2 earnings

Published on 10/06/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Endeavour Mining stock traded at GBp 4,210 on October 6, 2026, while Q2 revenue reached USD 1.22 billion. RBC Capital kept Hold with a GBp 4,900 target.

EDV, GB00BL6K5J42, Illustration mit AI erstellt.

Endeavour Mining stock (ISIN GB00BL6K5J42) was trading at GBp 4,210 on the London Stock Exchange at 11:31 a.m. London time on October 6, 2026, down 0.94 percent from the previous close. The latest company figures show Q2 2026 revenue of USD 1.22 billion, up 21 percent from the same quarter a year earlier, and EPS of USD 1.38, up from USD 1.12, according to Simply Wall St.

Q2 earnings support the growth plan

The Q2 and first-half results released on July 30, 2026, kept Endeavour on track for its full-year production target. H1 gold production reached 564,000 ounces, equal to 52 percent of the lower end of the 2026 guidance range of 1.090 million to 1.265 million ounces, according to Simply Wall St.

The earnings mix was also stronger than the production comparison alone suggests. Q2 output was 283,000 ounces versus 306,000 ounces in Q2 2025, while reported EPS rose from USD 1.12 to USD 1.38, putting profitability ahead of the year-earlier level despite lower ounces.

Assafou drives the longer runway

At the Mining Forum Americas presentation on September 28, 2026, management outlined a path from 1.1 million ounces of gold production in 2026 to 1.5 million ounces by the end of the decade. Investing.com reported that Assafou and Sabodala-Massawa Underground are central to the expansion plan.

The same presentation put the Assafou project at a planned capacity of 5 million tons per year, with a capital cost of USD 1 billion and a mine life of at least 16 years. Management also said a final investment decision is expected by the end of 2026, making project execution a key factor behind the production target.

Analysts balance growth with valuation

RBC Capital maintained a Hold rating on September 15, 2026, and set a price target of GBp 4,900, according to Markets Insider. The target stands 16.4 percent above the LSE price of GBp 4,210, leaving the analyst view tied to execution rather than a simple production rebound.

The LSE quote stood between GBp 2,900 and GBp 5,620 over the preceding 52 weeks. That range places the October 6 price 25.1 percent below the yearly high, while the company continues to combine near-term shareholder returns with spending on Assafou and exploration.

Endeavour Mining stock stays below its yearly high

Endeavour Mining stock was last at GBp 4,210 on the LSE on October 6, 2026, with 102,670 shares traded at the quoted time. The next market test is whether cash generation and project delivery can narrow the gap to the GBp 5,620 52-week high without weakening the balance sheet.