Endeavour Mining (TSE:EDV) Hits New 52-Week High Following Dividend Announcement

Key Points

• Endeavour Mining's stock reached a new 52-week high of C$58.75 following the announcement of a $0.62 per share dividend set to be paid on October 23rd.
• The company has a current market cap of C$13.87 billion and a dividend payout ratio of 107.69%.
• Analyst ratings are predominantly positive, with an average rating of "Buy" and a consensus price target of C$34.00.

Endeavour Mining Corp. (TSE:EDV - Get Free Report)'s stock price hit a new 52-week high on Monday after the company announced a dividend. The stock traded as high as C$58.75 and last traded at C$57.78, with a volume of 396558 shares changing hands. The stock had previously closed at C$56.78.The newly announced dividend which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Friday, September 26th. This represents a yield of 116.0%. Endeavour Mining's dividend payout ratio is currently 107.69%.

Analyst Ratings Changes

EDV has been the subject of a number of research analyst reports. Royal Bank Of Canada upgraded shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 4th. National Bankshares upped their price objective on shares of Endeavour Mining from C$57.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$34.00.

Endeavour Mining Price Performance

The stock's fifty day moving average is C$48.20 and its 200-day moving average is C$42.23. The stock has a market cap of C$13.87 billion, a PE ratio of 63.31 and a beta of 0.68.

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.

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