Endeavour Mining Corp. (TSE:EDV) Plans Dividend Increase – $0.57 Per Share

Endeavour Mining Corp. (TSE:EDV) announced a dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given 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 Price Performance

EDV traded down C$0.54 during trading on Wednesday, hitting C$30.31. The company had a trading volume of 97,831 shares, compared to its average volume of 453,563. The company has a market cap of C$5.18 billion, a PE ratio of -15.18 and a beta of 0.92. Endeavour Mining has a 1-year low of C$25.03 and a 1-year high of C$34.84. The business has a 50-day moving average of C$29.15 and a 200-day moving average of C$29.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$41.00 to C$37.00 in a report on Thursday, February 27th. Ventum Cap Mkts upgraded Endeavour Mining to a “strong-buy” rating in a report on Wednesday, November 13th. Cibc World Mkts cut Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, TD Securities upgraded shares of Endeavour Mining to a “strong-buy” rating in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Endeavour Mining currently has a consensus rating of “Buy” and a consensus target price of C$23.50.

Endeavour Mining Company Profile

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.