Endeavour Mining (TSE:EDV) Reaches New 12-Month High - Here's Why

Key Points

• Shares of Endeavour Mining hit a new 52-week high at C$64.79, trading at C$63.21 with a volume of 957,352 shares during a recent session.
• The company's stock received an upgrade from National Bankshares, increasing their price target from C$57.00 to C$70.00 and maintaining an "outperform" rating.
• Endeavour Mining announced a dividend of $0.62 per share with a remarkable dividend yield of 116.0%, planned for payment on October 23rd.

Shares of Endeavour Mining Corp. (TSE:EDV - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$64.79 and last traded at C$63.21, with a volume of 957352 shares traded. The stock had previously closed at C$58.03.

Analyst Upgrades and Downgrades

Separately, National Bankshares upped their price target 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 given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Endeavour Mining presently has a consensus rating of "Buy" and a consensus target price of C$34.00.

Endeavour Mining Stock Up 8.9%

The firm has a market capitalization of C$15.22 billion, a PE ratio of 69.44 and a beta of 0.88. The firm's 50 day moving average price is C$51.80 and its two-hundred day moving average price is C$44.22.

Endeavour Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 23rd will be issued a dividend of $0.62 per share. This represents a dividend yield of 116.0%. The ex-dividend date of this dividend is Friday, September 26th. Endeavour Mining's dividend payout ratio is 107.69%.

Insider Buying and Selling

In related news, insider La Mancha Investments S.Ï¿½ R.L. sold 215,000 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$32.87, for a total value of C$7,067,050.00. Following the sale, the insider owned 35,527,654 shares of the company's stock, valued at C$1,167,793,986.98. This trade represents a 0.60% decrease in their position. Also, insider Yousriya Loza sold 215,000 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of C$32.87, for a total transaction of C$7,067,050.00. Following the completion of the sale, the insider directly owned 35,527,654 shares in the company, valued at approximately C$1,167,793,986.98. This trade represents a 0.60% decrease in their position. Insiders have sold a total of 2,154,654 shares of company stock valued at $79,511,688 in the last quarter. Company insiders own 19.11% of the company's stock.

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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