Endeavour Mining Corp. (TSE:EDV) Receives C$23.50 Consensus Target Price from Analysts

Shares of Endeavour Mining Corp. (TSE:EDV) have earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$23.50.

A number of equities analysts have recently issued reports on EDV shares. TD Securities upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. Ventum Financial set a C$9.00 price target on Endeavour Mining and gave the stock a “buy” rating in a report on Wednesday, November 13th. Cibc World Mkts downgraded Endeavour Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$41.00 to C$37.00 in a report on Thursday, February 27th.

Endeavour Mining Stock Up 3.5 %

Shares of Endeavour Mining stock opened at C$30.66 on Thursday. The firm has a market capitalization of C$5.24 billion, a P/E ratio of -15.35 and a beta of 0.92. Endeavour Mining has a 52 week low of C$25.03 and a 52 week high of C$34.84. The firm’s 50 day moving average is C$28.68 and its two-hundred day moving average is C$29.24.

Endeavour Mining Increases Dividend

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