Endeavour Mining plc (TSE:EDV) Raises Dividend to $0.56 Per Share

Endeavour Mining plc (TSE:EDV – Get Rating) declared a Semi-Annual dividend on Monday, January 23rd, Zacks reports. Investors of record on Friday, February 24th will be paid a dividend of 0.557 per share on Tuesday, March 28th. The ex-dividend date of this dividend is Thursday, February 23rd. This is a boost from Endeavour Mining’s previous Semi-Annual dividend of $0.51.

Endeavour Mining Price Performance

Shares of Endeavour Mining stock opened at C$31.52 on Tuesday. Endeavour Mining has a one year low of C$22.77 and a one year high of C$35.44. The stock’s fifty day moving average is C$29.30 and its 200 day moving average is C$26.81. The stock has a market cap of C$7.75 billion and a P/E ratio of 85.19. The company has a debt-to-equity ratio of 20.13, a quick ratio of 0.99 and a current ratio of 1.43.

Endeavour Mining (TSE:EDV – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.37 by C($0.17). The business had revenue of C$740.62 million during the quarter, compared to analyst estimates of C$745.61 million. Sell-side analysts anticipate that Endeavour Mining will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued a “buy” rating on shares of Endeavour Mining in a report on Tuesday, November 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$1,457.00.

Insider Activity

In other news, Director Srinivasan Venkatakrishnan acquired 6,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of C$16.71 per share, for a total transaction of C$100,260.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately C$100,260. In related news, Director Srinivasan Venkatakrishnan purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average price of C$16.71 per share, for a total transaction of C$100,260.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately C$100,260. Also, Director Sébastien De Montessus sold 150,000 shares of Endeavour Mining stock in a transaction dated Friday, November 11th. The stock was sold at an average price of C$27.11, for a total value of C$4,066,500.00. Following the completion of the transaction, the director now owns 159,311 shares of the company’s stock, valued at approximately C$4,318,921.21.

About Endeavour Mining

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Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It has six operating assets, including the Boungou, Houndé, Mana, and Wahgnion mines in Burkina Faso; the Ity mine in Côte d'Ivoire; the Sabodala-Massawa mine in Senegal; Lafigué and Kalana development projects in Côte d'Ivoire and Mali; and a portfolio of exploration assets on the Birimian Greenstone Belt across Burkina Faso, Côte d'Ivoire, Mali, Senegal, and Guinea.