Endeavour Mining Corp. (TSE:EDV) to Issue Dividend of $0.57

Endeavour Mining Corp. (TSE:EDV) declared a dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.57 per share on Tuesday, April 15th. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, March 14th. This is a 39.0% increase from Endeavour Mining’s previous dividend of $0.41.

Endeavour Mining Stock Performance

EDV stock traded down C$0.51 during mid-day trading on Wednesday, hitting C$30.34. The company had a trading volume of 122,991 shares, compared to its average volume of 453,827. Endeavour Mining has a 12 month low of C$25.03 and a 12 month high of C$34.84. The stock’s fifty day moving average price is C$29.15 and its two-hundred day moving average price is C$29.35. The firm has a market cap of C$5.18 billion, a PE ratio of -15.19 and a beta of 0.92.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EDV shares. Ventum Financial set a C$9.00 price target on shares of Endeavour Mining and gave the company a “buy” rating in a research note on Wednesday, November 13th. CIBC cut Endeavour Mining from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$41.00 to C$37.00 in a research report on Thursday, February 27th. Ventum Cap Mkts upgraded Endeavour Mining to a “strong-buy” rating in a research note on Wednesday, November 13th. Cibc World Mkts downgraded shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets cut their price target on shares of Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$23.50.

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.