Endeavour Mining (LON:EDV) Shares Down 0.9% – What’s Next?

Endeavour Mining plc (LON:EDV)’s share price fell 0.9% on Wednesday. The stock traded as low as GBX 4,238 and last traded at GBX 4,245. Approximately 35,828,066 shares changed hands during trading, an increase of 218% from the average daily volume of 11,263,234 shares. The stock had previously closed at GBX 4,284.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada cut Endeavour Mining to a “sector perform” rating and cut their price target for the company from GBX 5,100 to GBX 4,600 in a report on Friday, August 7th. Berenberg Bank restated a “buy” rating and issued a GBX 5,000 target price on shares of Endeavour Mining in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Endeavour Mining currently has an average rating of “Moderate Buy” and an average price target of GBX 4,900.

Endeavour Mining Stock Up 0.1%

The stock has a 50-day simple moving average of GBX 4,320.92 and a 200 day simple moving average of GBX 4,271.21. The company has a market cap of £10.24 billion, a PE ratio of 12.50 and a beta of 1.14.

Endeavour Mining Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 9th. Investors of record on Friday, October 9th will be issued a $0.95 dividend. This represents a yield of 111.0%. The ex-dividend date is Friday, September 11th. Endeavour Mining’s payout ratio is 42.65%.

About Endeavour Mining

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.