Endeavour Mining (TSE:EDV) Sets New 12-Month High – Here’s What Happened

Endeavour Mining Corp. (TSE:EDV) reached a new 52-week high on Thursday . The stock traded as high as C$35.08 and last traded at C$34.88, with a volume of 512499 shares changing hands. The stock had previously closed at C$33.92.

Wall Street Analyst Weigh In

A number of analysts have commented on EDV shares. TD Securities upgraded Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. National Bank Financial upgraded shares of Endeavour Mining to a “strong-buy” rating in a research note on Friday, March 21st. CIBC downgraded shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$41.00 to C$37.00 in a report on Thursday, February 27th. Jefferies Financial Group increased their price objective on shares of Endeavour Mining from C$45.00 to C$46.00 in a research note on Friday, April 4th. Finally, Cibc World Mkts cut shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Three research 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$28.00.

Endeavour Mining Price Performance

The stock has a market cap of C$6.26 billion, a P/E ratio of -18.36 and a beta of 0.92. The stock’s 50-day moving average is C$31.92 and its two-hundred day moving average is C$29.95.

Endeavour Mining Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.57 per share. This is a positive change from Endeavour Mining’s previous dividend of $0.41. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.99%. Endeavour Mining’s dividend payout ratio (DPR) is presently -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.