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

Endeavour Mining Corp. (TSE:EDV) has been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$23.50.

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

Endeavour Mining Trading Down 0.7 %

Shares of TSE:EDV opened at C$32.62 on Monday. The firm has a 50 day simple moving average of C$30.43 and a 200-day simple moving average of C$29.61. The company has a market capitalization of C$5.57 billion, a PE ratio of -16.33 and a beta of 0.92. Endeavour Mining has a twelve month low of C$25.07 and a twelve month high of C$34.84.

Endeavour Mining Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.57 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Endeavour Mining’s previous dividend of $0.41. This represents a dividend yield of 1.99%. Endeavour Mining’s 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.