Endeavour Mining (LON:EDV) Shares Cross Below 50 Day Moving Average – What’s Next?

Endeavour Mining plc (LON:EDV) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 4,252.11 and traded as low as GBX 4,076. Endeavour Mining shares last traded at GBX 4,099, with a volume of 413,784 shares changing hands.

Analyst Ratings Changes

EDV has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Royal Bank Of Canada cut shares of Endeavour Mining to a “sector perform” rating and cut their target price for the stock from GBX 5,100 to GBX 4,600 in a report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a GBX 5,700 target price on shares of Endeavour Mining in a research note on Tuesday, November 3rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 4,800 target price on shares of Endeavour Mining in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,050.

Endeavour Mining Price Performance

The company has a 50-day simple moving average of GBX 4,231.61 and a two-hundred day simple moving average of GBX 4,291.06. The stock has a market capitalization of £9.11 billion, a price-to-earnings ratio of 11.11 and a beta of 1.14.

Endeavour Mining Announces Dividend

The company also recently declared a dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were given a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 111.0%. Endeavour Mining’s dividend payout ratio is currently 42.65%.

About Endeavour Mining

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.