Morgan Stanley Reiterates Equal Weight Rating for Endeavour Mining (LON:EDV)

Morgan Stanley reissued their equal weight rating on shares of Endeavour Mining (LON:EDVGet Rating) in a research note issued to investors on Thursday morning, MarketBeat.com reports. Morgan Stanley currently has a GBX 2,060 ($26.84) target price on the stock.

Other analysts have also issued research reports about the company. Liberum Capital reissued a sell rating and set a GBX 1,316 ($17.15) price objective on shares of Endeavour Mining in a report on Thursday, January 20th. Royal Bank of Canada reissued an outperform rating and set a GBX 2,500 ($32.58) price objective on shares of Endeavour Mining in a report on Friday, March 25th. Barclays lifted their price objective on Endeavour Mining from GBX 2,450 ($31.93) to GBX 2,850 ($37.14) and gave the stock an overweight rating in a report on Monday, April 4th. Finally, Berenberg Bank decreased their price target on Endeavour Mining from GBX 2,600 ($33.88) to GBX 2,500 ($32.58) and set a buy rating on the stock in a research note on Monday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Endeavour Mining currently has an average rating of Hold and a consensus price target of GBX 2,245.20 ($29.26).

EDV opened at GBX 2,036 ($26.53) on Thursday. Endeavour Mining has a 12-month low of GBX 1,505 ($19.61) and a 12-month high of GBX 2,160 ($28.15). The firm has a market capitalization of ¬£5.06 billion and a P/E ratio of 29.72. The stock’s 50 day moving average price is GBX 1,914.31 and its two-hundred day moving average price is GBX 1,791.53. The company has a quick ratio of 1.77, a current ratio of 2.41 and a debt-to-equity ratio of 20.36.

The firm also recently disclosed a dividend, which was paid on Wednesday, March 16th. Shareholders of record on Thursday, February 10th were given a $0.28 dividend. The ex-dividend date was Thursday, February 10th. This represents a yield of 1.22%. Endeavour Mining’s payout ratio is 0.95%.

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