Endeavour Mining Corp. (TSE:EDV) Declares Dividend Increase – $0.57 Per Share

Endeavour Mining Corp. (TSE:EDV) declared a dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.57 per share on Tuesday, April 15th. This represents a dividend yield of 1.99%. The ex-dividend date is Friday, March 14th. This is a 39.0% increase from Endeavour Mining’s previous dividend of $0.41.

Endeavour Mining Stock Performance

TSE:EDV traded down C$0.61 during trading hours on Wednesday, reaching C$30.24. The stock had a trading volume of 204,311 shares, compared to its average volume of 455,536. Endeavour Mining has a 12-month low of C$25.03 and a 12-month high of C$34.84. The stock has a 50 day simple moving average of C$29.15 and a 200 day simple moving average of C$29.35. The stock has a market cap of C$5.16 billion, a P/E ratio of -15.14 and a beta of 0.92.

Wall Street Analysts Forecast Growth

EDV has been the topic of a number of recent analyst reports. Cibc World Mkts downgraded shares of Endeavour Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Ventum Financial set a C$9.00 price target on Endeavour Mining and gave the company a “buy” rating in a research report on Wednesday, November 13th. Ventum Cap Mkts upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities upgraded shares of Endeavour Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets lowered 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 analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$23.50.

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.