Endeavour Mining (TSE:EDV) Hits New 52-Week High - Here's What Happened

Key Points

• Endeavour Mining shares reached a new 52-week high of C$57.26 during trading, closing at C$57.10, with a trading volume of 588,771 shares.
• The company is seeing positive analyst attention, with National Bankshares raising its price target to C$57.00 and an overall consensus rating of "Buy".
• Endeavour Mining declared a dividend of $0.62 per share, resulting in a dividend yield of 116.0%, to be paid on October 23rd.

Shares of Endeavour Mining Corp. (TSE:EDV - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$57.26 and last traded at C$57.10, with a volume of 588771 shares. The stock had previously closed at C$53.72.

Analyst Upgrades and Downgrades

EDV has been the subject of a number of recent analyst reports. National Bankshares boosted their price objective on Endeavour Mining from C$51.00 to C$57.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Royal Bank Of Canada raised shares of Endeavour Mining from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$31.40.

Endeavour Mining Trading Up 5.9%

The firm's 50-day moving average price is C$46.58 and its two-hundred day moving average price is C$41.31. The stock has a market cap of C$13.70 billion, a PE ratio of 62.54 and a beta of 0.68.

Endeavour Mining Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 23rd will be given a $0.62 dividend. This represents a dividend yield of 116.0%. The ex-dividend date of this dividend is Friday, September 26th. Endeavour Mining's payout ratio is presently 107.69%.

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.

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