Endeavour Mining Corp. (TSE:EDV) Given Consensus Recommendation of “Buy” by Analysts

Shares of Endeavour Mining Corp. (TSE:EDV) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com 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 brokers that have issued a report on the stock in the last year is C$23.50.

Several analysts have recently commented on the stock. CIBC downgraded shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$41.00 to C$37.00 in a report on Thursday, February 27th. 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. BMO Capital Markets cut their target price on Endeavour Mining from C$8.50 to C$8.00 in a research note on Thursday, January 9th. National Bank Financial raised Endeavour Mining to a “strong-buy” rating in a research report on Friday, March 21st. Finally, TD Securities raised Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th.

Endeavour Mining Trading Up 0.6 %

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. The business has a fifty day simple moving average of C$30.70 and a 200 day simple moving average of 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 company 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 represents a yield of 1.99%. This is a positive change from Endeavour Mining’s previous dividend of $0.41. The ex-dividend date of this dividend is Friday, March 14th. Endeavour Mining’s dividend payout ratio 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.