Endeavour Mining

EDVMF

Gold · Basic Materials

Price

$54.87

+2.17 (+4.12%)

Market Cap

$13.26B

Exchange

Other OTC

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+2.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 242.0M (2021) → 247.5M (2025)

Endeavour Mining is one of the largest gold mining companies in the world, focused almost entirely on finding and digging up gold in West Africa. The company owns and operates several gold mines across countries like Senegal, Côte d'Ivoire, Burkina Faso, and Mali. It sells gold to refiners, banks, and commodity traders, making it part of the global precious metals supply chain.

Endeavour makes money by selling the gold it mines, with profits depending heavily on the market price of gold and how cheaply it can extract the metal from the ground. Its gross margin above 50% reflects relatively low production costs compared to the gold price, which is a key competitive advantage. However, operating in West Africa carries real political and security risks — several of its host countries have experienced military coups in recent years — and any disruption to mine operations or government relations could meaningfully hurt production and revenue.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+21.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-7.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

10.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$1.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Endeavour Mining is a rare growth stock that's already generating positive cash flow while growing at 21%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

50.2%

Healthy — 50.2% gross margin

Operating Margin

45.7%

Excellent — 45.7% operating margin

ROCE

12.8%

Good — 12.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+29.1%

Fast-growing sales (+29.1% YoY)

EPS YoY

+266.3%

Earnings growing fast (+266.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

236%

Turns 236% of profit into real cash

FCF Margin

30.2%

Converts sales into free cash efficiently (30.2%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

0.29

Conservative — low debt load (0.29)

Interest Cover

31.24x

Comfortably covers interest (31.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

15.8x

Fair value — P/E 15.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

+9.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (15.8 → 6.8)

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Dividends

Dividend Yield

3.06%

Moderate income — 3.06% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+50.0%

Dividend growing fast (50.0% YoY)

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