Endeavour Mining (TSE:EDV) Shares Pass Below 200-Day Moving Average of $28.86

Endeavour Mining plc (TSE:EDVGet Rating)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.86 and traded as low as C$24.70. Endeavour Mining shares last traded at C$25.46, with a volume of 709,672 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on EDV. Berenberg Bank reissued a “buy” rating and issued a C$3,000.00 price objective on shares of Endeavour Mining in a research report on Thursday, July 7th. Barclays reaffirmed a “buy” rating on shares of Endeavour Mining in a research report on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Endeavour Mining has an average rating of “Moderate Buy” and an average target price of C$1,083.80.

Endeavour Mining Price Performance

The company has a debt-to-equity ratio of 20.93, a quick ratio of 1.18 and a current ratio of 1.55. The stock’s 50-day moving average is C$26.06 and its 200 day moving average is C$28.86. The stock has a market capitalization of C$6.29 billion and a PE ratio of 36.37.

Endeavour Mining (TSE:EDVGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.08. The business had revenue of C$803.60 million for the quarter, compared to analysts’ expectations of C$760.25 million. As a group, equities analysts expect that Endeavour Mining plc will post 1.4199999 earnings per share for the current year.

Endeavour Mining Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.512 per share. This is an increase from Endeavour Mining’s previous Semi-Annual dividend of $0.35. This represents a yield of 1.54%. The ex-dividend date is Thursday, September 1st. Endeavour Mining’s dividend payout ratio (DPR) is presently 80.00%.

About Endeavour Mining

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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.

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