CIBC cut shares of Endeavour Mining (TSE:EDV - Free Report) from an outperform rating to a neutral rating in a report issued on Thursday,BayStreet.CA reports. They currently have C$37.00 price target on the stock, down from their previous price target of C$41.00.
A number of other research analysts have also issued reports on the company. BMO Capital Markets reduced their price target on Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. TD Securities upgraded Endeavour Mining to a "strong-buy" rating in a report on Tuesday, February 4th. Ventum Financial set a C$9.00 price objective on Endeavour Mining and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Ventum Cap Mkts upgraded Endeavour Mining to a "strong-buy" rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$23.50.
Read Our Latest Stock Report on EDV
Endeavour Mining Stock Up 1.5 %
EDV stock traded up C$0.44 during trading on Thursday, reaching C$29.11. 536,009 shares of the company's stock were exchanged, compared to its average volume of 430,906. Endeavour Mining has a 1-year low of C$23.26 and a 1-year high of C$34.84. The company's fifty day moving average price is C$28.55 and its 200-day moving average price is C$29.21. The firm has a market cap of C$4.97 billion, a PE ratio of -14.57 and a beta of 0.92.
Endeavour Mining Increases Dividend
The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Endeavour Mining's previous dividend of $0.41. This represents a dividend yield of 1.99%. Endeavour Mining's payout ratio is -56.07%.
About Endeavour Mining
(
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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.
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