Brokerages Set Endeavour Mining Corp. (TSE:EDV) Price Target at C$28.00

Shares of Endeavour Mining Corp. (TSE:EDV) have been given an average rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat reports. Two 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 objective among brokerages that have updated their coverage on the stock in the last year is C$28.00.

Several brokerages have recently issued reports on EDV. Cibc World Mkts lowered Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. National Bank Financial upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada raised shares of Endeavour Mining from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 4th. CIBC cut shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$41.00 to C$37.00 in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on shares of Endeavour Mining from C$45.00 to C$46.00 in a research report on Friday, April 4th.

Endeavour Mining Trading Down 0.1%

Shares of EDV opened at C$42.30 on Friday. The stock has a 50 day moving average of C$39.01 and a 200 day moving average of C$32.58. The company has a market capitalization of C$7.22 billion, a price-to-earnings ratio of -21.18 and a beta of 0.92. Endeavour Mining has a 12 month low of C$25.07 and a 12 month high of C$45.17.

Endeavour Mining Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Endeavour Mining’s previous dividend of $0.41. This represents a yield of 1.99%. Endeavour Mining’s dividend payout ratio 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.