Endeavour Mining (LON:EDV) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Shares of Endeavour Mining plc (LON:EDV) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 4,252.11 and traded as low as GBX 4,076. Endeavour Mining shares last traded at GBX 4,099, with a volume of 413,784 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EDV. JPMorgan Chase & Co. cut their price objective 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. Royal Bank Of Canada cut shares of Endeavour Mining to a “sector perform” rating and decreased their target price for the stock from GBX 5,100 to GBX 4,600 in a research note on Friday, August 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,000 price target on shares of Endeavour Mining in a report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,700 price target on shares of Endeavour Mining in a report on Tuesday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,100.

Endeavour Mining Stock Performance

The company has a market cap of £10.07 billion, a P/E ratio of 12.29 and a beta of 1.14. The firm’s fifty day moving average is GBX 4,252.11 and its two-hundred day moving average is GBX 4,295.46.

Endeavour Mining Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a yield of 111.0%. Endeavour Mining’s dividend payout ratio (DPR) is currently 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.