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

Endeavour Mining Corp. (TSE:EDV - Get Free Report) has received an average rating of "Buy" from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$28.00.

A number of equities analysts have commented on EDV shares. Jefferies Financial Group lifted their price objective on shares of Endeavour Mining from C$45.00 to C$46.00 in a report on Friday, April 4th. Cibc World Mkts lowered shares of Endeavour Mining from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 27th. Royal Bank of Canada upgraded shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. CIBC cut shares of Endeavour Mining from an "outperform" rating to a "neutral" rating and cut their target price for the stock from C$41.00 to C$37.00 in a report on Thursday, February 27th. Finally, National Bank Financial raised Endeavour Mining to a "strong-buy" rating in a report on Friday, March 21st.

Endeavour Mining Stock Down 2.2%

TSE:EDV traded down C$0.95 during trading hours on Friday, reaching C$41.35. 444,987 shares of the stock were exchanged, compared to its average volume of 533,121. The stock has a market capitalization of C$7.06 billion, a P/E ratio of -20.70 and a beta of 0.92. The firm has a 50 day simple moving average of C$39.16 and a 200-day simple moving average of C$32.65. Endeavour Mining has a 52 week low of C$25.07 and a 52 week high of C$45.17.

Endeavour Mining Increases Dividend

The company 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. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.99%. This is a positive change from Endeavour Mining's previous dividend of $0.41. Endeavour Mining's dividend payout ratio (DPR) is presently -56.07%.

Endeavour Mining Company Profile

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.