Endeavour Mining (TSE:EDV) Reaches New 12-Month High - What's Next?

Key Points

• Endeavour Mining stock reached a new 52-week high of C$54.86, signaling strong market interest with a trading volume of 435,701 shares.
• Recent analyst ratings show a positive outlook, with National Bankshares raising the price target to C$57.00 and a consensus average rating of "Buy".
• The company announced a dividend of $0.62, with a yield of 116.0%, showcasing a solid financial profile despite a high payout ratio of 107.69%.

Endeavour Mining Corp. (TSE:EDV - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$54.86 and last traded at C$54.44, with a volume of 435701 shares changing hands. The stock had previously closed at C$53.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EDV. Royal Bank Of Canada upgraded Endeavour Mining from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 4th. National Bankshares boosted their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Endeavour Mining has an average rating of "Buy" and an average target price of C$31.40.

Endeavour Mining Trading Up 6.1%

The firm has a market cap of C$12.93 billion, a price-to-earnings ratio of 59.03 and a beta of 0.68. The stock has a 50-day moving average of C$46.58 and a 200-day moving average of C$41.17.

Endeavour Mining Announces Dividend

The firm also recently declared a 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. This represents a yield of 116.0%. The ex-dividend date is Friday, September 26th. Endeavour Mining's payout ratio is 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.