Endeavour Mining Corp. (TSE:EDV) Receives Average Recommendation of “Buy” from Analysts

Endeavour Mining Corp. (TSE:EDV) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$23.50.

Several analysts have recently weighed in on EDV shares. CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$41.00 to C$37.00 in a research report on Thursday, February 27th. TD Securities upgraded shares of Endeavour Mining to a “strong-buy” rating in a report on Tuesday, February 4th. BMO Capital Markets dropped their target price on shares of Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. Finally, Cibc World Mkts downgraded shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Endeavour Mining Stock Performance

Shares of EDV stock opened at C$32.79 on Monday. The stock has a 50 day moving average price of C$30.07 and a 200 day moving average price of C$29.54. Endeavour Mining has a 52-week low of C$25.07 and a 52-week high of C$34.84. The firm has a market capitalization of C$5.60 billion, a P/E ratio of -16.42 and a beta of 0.92.

Endeavour Mining Increases Dividend

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