Endeavour Mining plc (LON:EDV) Announces Dividend of $0.83

Key Points

• $0.83 per share dividend was declared with an ex-dividend date of March 13 and shareholders of record due April 14, implying an unusually high reported yield of 86.0%.
• Shares traded at GBX 4,583.03 (down GBX 204.97) with a market cap of £11.03 billion and a P/E of 23.15, while Berenberg trimmed its target to GBX 5,000 and the consensus rating remains "Buy" with an average target of GBX 4,000.

Endeavour Mining plc (LON:EDV - Get Free Report) declared a dividend on Friday, March 13th, TickerTech Dividends reports. Shareholders of record on Tuesday, April 14th will be given a dividend of $0.83 per share on Tuesday, April 14th. This represents a yield of 86.0%. The ex-dividend date is Friday, March 13th.

Endeavour Mining Price Performance

Shares of EDV traded down GBX 204.97 during midday trading on Wednesday, hitting GBX 4,583.03. The stock had a trading volume of 437,922 shares, compared to its average volume of 5,631,975. The stock's 50 day moving average is GBX 4,416.99 and its 200 day moving average is GBX 3,633.75. The firm has a market cap of £11.03 billion, a PE ratio of 23.15 and a beta of 1.07. Endeavour Mining has a 1 year low of GBX 1,578.50 and a 1 year high of GBX 5,360.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on shares of Endeavour Mining from GBX 5,500 to GBX 5,000 and set a "buy" rating on the stock in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 4,000.

About Endeavour Mining

Endeavour Mining is one of the world's senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d'Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

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