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

Endeavour Mining Corp. (TSE:EDV) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$23.50.

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

Endeavour Mining Price Performance

TSE:EDV opened at C$33.93 on Monday. The firm has a market capitalization of C$5.79 billion, a P/E ratio of -16.99 and a beta of 0.92. Endeavour Mining has a one year low of C$25.07 and a one year high of C$34.84. The company’s 50-day simple moving average is C$30.70 and its 200 day simple moving average is C$29.71.

Endeavour Mining Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.57 per share. This is a positive change from Endeavour Mining’s previous dividend of $0.41. This represents a yield of 1.99%. The ex-dividend date is Friday, March 14th. 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.