Endeavour Mining Corp. Plans Semi-Annual Dividend of $0.56 (TSE:EDV)

Endeavour Mining Corp. (TSE:EDV) announced a Semi-Annual dividend on Friday, September 13th, Zacks reports. Investors of record on Thursday, October 10th will be paid a dividend of 0.561 per share on Thursday, October 10th. This represents a dividend yield of 1.42%. The ex-dividend date is Friday, September 13th.

Endeavour Mining Stock Up 1.4 %

Endeavour Mining stock opened at C$28.86 on Thursday. Endeavour Mining has a 1-year low of C$21.11 and a 1-year high of C$33.21. The company has a market capitalization of C$7.04 billion, a P/E ratio of -29.15 and a beta of 0.90.

Endeavour Mining (TSE:EDV) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.20 by C($0.19). The company had revenue of C$761.83 million during the quarter, compared to analysts’ expectations of C$762.66 million. Endeavour Mining had a negative net margin of 8.83% and a negative return on equity of 3.62%. Sell-side analysts forecast that Endeavour Mining will post 4.0307018 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EDV. Royal Bank of Canada downgraded shares of Endeavour Mining from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$48.00 to C$40.00 in a report on Tuesday, August 6th. UBS Group raised shares of Endeavour Mining to a “strong-buy” rating in a report on Thursday, August 1st.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d’Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.