Endeavour Mining (TSE:EDV) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Endeavour Mining (TSE:EDV - Free Report) from a hold rating to a moderate buy rating in a research report released on Wednesday morning,Zacks.com reports.

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

Endeavour Mining Price Performance

Endeavour Mining stock traded down C$1.63 during midday trading on Wednesday, reaching C$42.34. The company's stock had a trading volume of 372,360 shares, compared to its average volume of 533,489. Endeavour Mining has a 52-week low of C$25.07 and a 52-week high of C$45.17. The stock has a market capitalization of C$7.23 billion, a P/E ratio of -21.20 and a beta of 0.92. The stock's 50-day simple moving average is C$38.69 and its 200-day simple moving average is C$32.32.

Endeavour Mining Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.57 per share. This is an increase from Endeavour Mining's previous dividend of $0.41. This represents a yield of 1.99%. The ex-dividend date of this dividend was Friday, March 14th. Endeavour Mining's dividend payout ratio (DPR) is currently -56.07%.

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.