Endeavour Mining (TSE:EDV) Reaches New 52-Week High - Should You Buy?

Shares of Endeavour Mining Corp. (TSE:EDV - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$42.66 and last traded at C$42.50, with a volume of 22004 shares trading hands. The stock had previously closed at C$41.98.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EDV. Jefferies Financial Group upped their target price on Endeavour Mining from C$45.00 to C$46.00 in a report on Friday, April 4th. CIBC lowered Endeavour Mining from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from C$41.00 to C$37.00 in a research report on Thursday, February 27th. TD Securities upgraded Endeavour Mining to a "strong-buy" rating in a research report on Tuesday, February 4th. National Bank Financial upgraded Endeavour Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Cibc World Mkts downgraded Endeavour Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$28.00.

Endeavour Mining Trading Up 1.4%

The stock has a market cap of C$7.27 billion, a price-to-earnings ratio of -21.31 and a beta of 0.92. The stock has a fifty day simple moving average of C$37.30 and a 200-day simple moving average of C$31.62.

Endeavour Mining Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a 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 -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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.