Endeavour Mining plc receives average rating of “Moderate Buy” from Analysts
Shares of Endeavour Mining plc have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports.
One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$870.89.
A number of analysts recently commented on EDV shares. Berenberg Bank reissued a “buy” rating and set a C$3,000.00 price objective on shares of Endeavour Mining in a report on Thursday, July 7th. Barclays reaffirmed a “buy” rating on shares of Endeavour Mining in a report on Thursday, August 4th.
Endeavour Mining stock up
EDV stock opened at C$26.93 on Monday. The company has a market cap of C$6.65 billion and a P/E ratio of 39.03. Endeavour Mining has a 52 week low of C$23.70 and a 52 week high of C$35.94. The company’s 50-day moving average price is C$26.02 and its 200 day moving average price is C$29.19. The company has a current ratio of 1.55, a quick ratio of 1.18 and a debt-to-equity ratio of 20.93.
Endeavour Mining (TSE:EDV – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.57 EPS for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.08. The company had revenue of C$803.60 million for the quarter, compared to analysts’ expectations of C$760.25 million. On average, research analysts expect that Endeavour Mining will post 1.4199999 earnings per share for the current fiscal year.
Increased Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Friday, September 2nd will be given a $0.512 dividend. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, September 1st. This is a positive change from Endeavour Mining’s previous Semi-Annual dividend of $0.35. Endeavour Mining’s payout ratio is currently 81.16%.
About Endeavour Mining
Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. Its project portfolio includes 90% owned Houndé, Mana, Boungou, and Wahgnion mines in Burkina Faso; 85% owned Ity mine located in Côte d’Ivoire; 90% owned Sabodala-Massawa mine situated in Senegal; and Fetekro, Kalana, Bantou, Nabanga, and Afema development projects.
