Analysts Set Endeavour Mining Corp. (TSE:EDV) PT at C$23.50

Endeavour Mining Corp. (TSE:EDV) has received an average rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and four have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$23.50.

EDV has been the topic of several analyst reports. BMO Capital Markets reduced their price objective on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$41.00 to C$37.00 in a research report on Thursday, February 27th. National Bank Financial upgraded Endeavour Mining to a “strong-buy” rating in a research report on Friday, March 21st. Cibc World Mkts cut shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, TD Securities raised shares of Endeavour Mining to a “strong-buy” rating in a research note on Tuesday, February 4th.

Endeavour Mining Trading Up 0.6 %

Shares of TSE EDV opened at C$33.93 on Monday. Endeavour Mining has a 12-month low of C$25.07 and a 12-month high of C$34.84. The firm’s 50-day moving average price is C$30.70 and its 200-day moving average price is C$29.71. The stock has a market capitalization of C$5.79 billion, a price-to-earnings ratio of -16.99 and a beta of 0.92.

Endeavour Mining Increases Dividend

The firm 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. This represents a dividend yield of 1.99%. This is an increase from Endeavour Mining’s previous dividend of $0.41. The ex-dividend date is Friday, March 14th. Endeavour Mining’s dividend payout ratio (DPR) 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.