Endeavour Mining Corp. (TSE:EDV) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Endeavour Mining Corp. (TSE:EDV - Get Free Report) have been given an average recommendation of "Buy" by the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$28.00.

A number of equities research analysts have recently commented on EDV shares. Jefferies Financial Group raised their price objective on shares of Endeavour Mining from C$45.00 to C$46.00 in a research note on Friday, April 4th. CIBC downgraded shares of Endeavour Mining from an "outperform" rating to a "neutral" rating and cut their price objective for the company from C$41.00 to C$37.00 in a report on Thursday, February 27th. Royal Bank of Canada upgraded Endeavour Mining from a "hold" rating to a "moderate buy" rating in a report on Wednesday. National Bank Financial upgraded Endeavour Mining to a "strong-buy" rating in a report 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 3.7%

Shares of TSE:EDV opened at C$42.34 on Friday. Endeavour Mining has a twelve month low of C$25.07 and a twelve month high of C$45.17. The company's 50 day moving average is C$38.85 and its 200 day moving average is C$32.42. The company has a market cap of C$7.23 billion, a PE ratio of -21.20 and a beta of 0.92.

Endeavour Mining Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.57 dividend. This is an increase from Endeavour Mining's previous dividend of $0.41. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.99%. Endeavour Mining's payout ratio is -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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.