Endeavour Mining Corp. (TSE:EDV) Receives Average Rating of "Buy" from Brokerages

Endeavour Mining Corp. (TSE:EDV - Get Free Report) has been assigned a consensus rating of "Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$23.50.

Several research analysts recently weighed in on EDV shares. CIBC cut Endeavour Mining from an "outperform" rating to a "neutral" rating and decreased their target price for the company from C$41.00 to C$37.00 in a research note on Thursday, February 27th. Cibc World Mkts lowered Endeavour Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. National Bank Financial raised Endeavour Mining to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets decreased their price target on Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. Finally, TD Securities upgraded Endeavour Mining to a "strong-buy" rating in a report on Tuesday, February 4th.

Endeavour Mining Stock Up 3.4 %

EDV traded up C$1.10 during trading on Monday, reaching C$33.72. The stock had a trading volume of 800,701 shares, compared to its average volume of 483,095. The stock has a 50 day moving average of C$30.43 and a two-hundred day moving average of C$29.61. The firm has a market capitalization of C$5.76 billion, a price-to-earnings ratio of -16.88 and a beta of 0.92. Endeavour Mining has a 1-year low of C$25.07 and a 1-year high of C$34.84.

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Endeavour Mining Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.57 dividend. This is a boost from Endeavour Mining's previous dividend of $0.41. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.99%. Endeavour Mining's payout ratio is presently -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.