Endeavour Mining (TSE:EDV) Hits New 52-Week High – Time to Buy?

Endeavour Mining Corp. (TSE:EDV)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$34.97 and last traded at C$34.75, with a volume of 90650 shares traded. The stock had previously closed at C$34.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EDV shares. CIBC cut 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 report on Thursday, February 27th. National Bank Financial raised Endeavour Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Securities raised Endeavour Mining to a “strong-buy” rating in a research note on Tuesday, February 4th. Cibc World Mkts cut shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets reduced their price objective on shares of Endeavour Mining from C$8.50 to C$8.00 in a research report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Endeavour Mining currently has a consensus rating of “Buy” and an average price target of C$23.50.

Endeavour Mining Price Performance

The stock has a 50 day moving average price of C$31.12 and a 200-day moving average price of C$29.83. The stock has a market capitalization of C$5.81 billion, a price-to-earnings ratio of -17.02 and a beta of 0.92.

Endeavour Mining Increases Dividend

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