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

Endeavour Mining Corp. (TSE:EDV) has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$23.50.

A number of equities research analysts have issued reports on the stock. TD Securities raised shares of Endeavour Mining to a “strong-buy” rating in a report on Tuesday, February 4th. BMO Capital Markets decreased their price objective on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. CIBC cut Endeavour Mining from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$41.00 to C$37.00 in a report on Thursday, February 27th. National Bank Financial raised Endeavour Mining to a “strong-buy” rating in a report on Friday, March 21st. 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.

Endeavour Mining Stock Up 0.6 %

TSE EDV opened at C$33.93 on Monday. The firm has a market cap of C$5.79 billion, a P/E ratio of -16.99 and a beta of 0.92. The company’s 50 day moving average is C$30.70 and its 200-day moving average is C$29.68. Endeavour Mining has a 12-month low of C$25.07 and a 12-month high of C$34.84.

Endeavour Mining Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.57 dividend. This is an increase 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 currently -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.