Endeavour Mining (LON:EDV) Trading Up 4.8% – Still a Buy?

Endeavour Mining plc (LON:EDVGet Free Report) shares were up 4.8% during mid-day trading on Wednesday . The company traded as high as GBX 4,738 and last traded at GBX 4,674. Approximately 4,932,451 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 5,512,641 shares. The stock had previously closed at GBX 4,460.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on shares of Endeavour Mining from GBX 5,500 to GBX 5,000 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 4,000.

Read Our Latest Stock Report on Endeavour Mining

Endeavour Mining Stock Up 4.8%

The company’s 50 day simple moving average is GBX 4,521.45 and its 200-day simple moving average is GBX 3,811.38. The firm has a market cap of £11.25 billion, a P/E ratio of 23.61 and a beta of 1.07.

Endeavour Mining Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, April 14th will be paid a dividend of $0.83 per share. This represents a dividend yield of 86.0%. The ex-dividend date of this dividend is Friday, March 13th. Endeavour Mining’s dividend payout ratio (DPR) is currently 60.10%.

Endeavour Mining Company Profile

(Get Free Report)

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering meaningful value to people and society. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

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