Endeavour Mining Corp. (TSE:EDV) Given Consensus Rating of “Buy” by Brokerages

Endeavour Mining Corp. (TSE:EDV) has been given an average recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$34.00.

Separately, National Bankshares boosted their target price on Endeavour Mining from C$57.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th.

Endeavour Mining Trading Down 0.4%

EDV opened at C$55.47 on Tuesday. The stock’s 50-day moving average price is C$56.43 and its 200 day moving average price is C$47.24. Endeavour Mining has a 12-month low of C$25.07 and a 12-month high of C$67.02. The firm has a market cap of C$13.36 billion, a price-to-earnings ratio of 60.96 and a beta of 1.01.

Endeavour Mining Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 23rd were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a dividend yield of 116.0%. Endeavour Mining’s dividend payout ratio is 107.69%.

Insider Transactions at Endeavour Mining

In other news, insider Yousriya Loza sold 253,572 shares of Endeavour Mining stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of C$32.26, for a total value of C$8,180,232.72. Following the transaction, the insider directly owned 35,880,400 shares of the company’s stock, valued at C$1,157,501,704. The trade was a 0.70% decrease in their position. Also, insider La Mancha Capital Management Gp sold 253,572 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of C$32.26, for a total transaction of C$8,180,232.72. Following the transaction, the insider directly owned 35,880,400 shares in the company, valued at C$1,157,501,704. The trade was a 0.70% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 2,154,654 shares of company stock worth $79,511,688. Insiders own 19.11% of the company’s stock.

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.