Endeavour Mining Corp. (TSE:EDV) Receives Average Rating of "Buy" from Brokerages

Shares of Endeavour Mining Corp. (TSE:EDV - Get Free Report) have been assigned a consensus rating of "Buy" from the eight brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$28.00.

Several equities research analysts have recently weighed in on EDV shares. CIBC cut shares of Endeavour Mining from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from C$41.00 to C$37.00 in a research report on Thursday, February 27th. TD Securities upgraded shares of Endeavour Mining to a "strong-buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price target on shares of Endeavour Mining from C$45.00 to C$46.00 in a report on Friday, April 4th. National Bank Financial raised shares of Endeavour Mining to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Cibc World Mkts cut shares of Endeavour Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Endeavour Mining Trading Down 0.2%

EDV stock traded down C$0.08 during trading on Tuesday, hitting C$38.42. The company had a trading volume of 752,546 shares, compared to its average volume of 541,055. The stock has a market cap of C$6.56 billion, a PE ratio of -19.24 and a beta of 0.92. The business has a 50-day moving average of C$35.93 and a 200-day moving average of C$31.09. Endeavour Mining has a one year low of C$25.07 and a one year high of C$42.31.

Endeavour Mining Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.57 per share. This is a boost from Endeavour Mining's previous dividend of $0.41. This represents a dividend yield of 1.99%. The ex-dividend date was Friday, March 14th. Endeavour Mining's dividend payout ratio (DPR) is currently -56.07%.

About Endeavour Mining

Endeavour Mining PLC is a gold producer in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It holds a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.