Endeavour Mining (TSE:EDV) Sets New 52-Week High - Still a Buy?

Endeavour Mining Corp. (TSE:EDV - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$40.83 and last traded at C$40.04, with a volume of 490942 shares changing hands. The stock had previously closed at C$38.58.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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. National Bank Financial raised shares of Endeavour Mining to a "strong-buy" rating in a research report on Friday, March 21st. TD Securities raised shares of Endeavour Mining to a "strong-buy" rating in a research note on Tuesday, February 4th. CIBC cut Endeavour Mining from an "outperform" rating to a "neutral" rating and dropped their price target for the company from C$41.00 to C$37.00 in a research note on Thursday, February 27th. Finally, BMO Capital Markets cut their price objective on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. Three analysts have rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$28.00.

Endeavour Mining Price Performance

The stock has a market capitalization of C$6.95 billion, a price-to-earnings ratio of -20.36 and a beta of 0.92. The business's fifty day moving average price is C$32.71 and its 200-day moving average price is C$30.15.

Endeavour Mining Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders 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 yield of 1.99%. Endeavour Mining's dividend payout ratio (DPR) is -56.07%.

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.