Endeavour Mining (TSE:EDV) Sets New 12-Month High – Should You Buy?

Shares of Endeavour Mining Corp. (TSE:EDV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$34.97 and last traded at C$34.75, with a volume of 90650 shares trading hands. The stock had previously closed at C$34.58.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. 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 dropped their target price on Endeavour Mining from C$8.50 to C$8.00 in a report on Thursday, January 9th. National Bank Financial upgraded Endeavour Mining to a “strong-buy” rating in a research note on Friday, March 21st. TD Securities raised Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, CIBC lowered shares of Endeavour Mining from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$41.00 to C$37.00 in a research report on Thursday, February 27th. Three equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$23.50.

Endeavour Mining Stock Performance

The company has a fifty day moving average of C$30.85 and a two-hundred day moving average of C$29.76. The firm has a market capitalization of C$5.90 billion, a price-to-earnings ratio of -17.29 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. Stockholders of record on Tuesday, April 15th will be given a $0.57 dividend. This represents a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Endeavour Mining’s previous dividend of $0.41. Endeavour Mining’s payout ratio 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.