Endeavour Mining (TSE:EDV) Sets New 52-Week High – Should You Buy?

Endeavour Mining Corp. (TSE:EDV) shares hit a new 52-week high on Thursday . The stock traded as high as C$35.08 and last traded at C$34.88, with a volume of 512499 shares traded. The stock had previously closed at C$33.92.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EDV shares. Jefferies Financial Group increased their price objective on shares of Endeavour Mining from C$45.00 to C$46.00 in a research report on Friday, April 4th. BMO Capital Markets dropped their price target on Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. TD Securities raised Endeavour Mining to a “strong-buy” rating in a research note on Tuesday, February 4th. CIBC downgraded Endeavour Mining from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$41.00 to C$37.00 in a research report on Thursday, February 27th. Finally, National Bank Financial upgraded Endeavour Mining to a “strong-buy” rating in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$28.00.

Endeavour Mining Stock Up 5.0 %

The business has a 50 day moving average price of C$31.92 and a 200 day moving average price of C$29.95. The stock has a market cap of C$6.26 billion, a P/E ratio of -18.36 and a beta of 0.92.

Endeavour Mining Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.57 dividend. 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. This represents a yield of 1.99%. Endeavour Mining’s dividend payout ratio (DPR) is presently -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.