Endeavour Mining (TSE:EDV) Hits New 1-Year High – Here’s Why

Shares of Endeavour Mining Corp. (TSE:EDV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$34.97 and last traded at C$34.75, with a volume of 90650 shares trading hands. The stock had previously closed at C$34.58.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EDV shares. CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$41.00 to C$37.00 in a research report on Thursday, February 27th. 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. 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 report on Tuesday, February 4th. Finally, Cibc World Mkts downgraded shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Three investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$23.50.

Endeavour Mining Price Performance

The business’s 50-day simple moving average is C$30.85 and its two-hundred day simple moving average is C$29.76. The stock has a market cap of C$5.90 billion, a price-to-earnings ratio of -17.29 and a beta of 0.92.

Endeavour Mining Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.57 per share. This is an increase from Endeavour Mining’s previous dividend of $0.41. The ex-dividend date is Friday, March 14th. This represents a dividend 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.