Endeavour Mining (TSE:EDV) Hits New 12-Month High - Time to Buy?

Endeavour Mining Corp. (TSE:EDV - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$41.16 and last traded at C$40.67, with a volume of 291669 shares changing hands. The stock had previously closed at C$39.92.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EDV shares. National Bank Financial upgraded Endeavour Mining to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities raised shares of Endeavour Mining to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets decreased 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 World Mkts downgraded shares of Endeavour Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group raised their target price on Endeavour Mining from C$45.00 to C$46.00 in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Endeavour Mining currently has a consensus rating of "Buy" and a consensus price target of C$28.00.

Endeavour Mining Trading Down 1.0 %

The company has a market cap of C$6.41 billion, a PE ratio of -18.81 and a beta of 0.92. The business's 50 day moving average is C$33.32 and its two-hundred day moving average is C$30.36.

Endeavour Mining Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.57 dividend. This is a positive change from Endeavour Mining's previous dividend of $0.41. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.99%. Endeavour Mining's dividend payout ratio 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.