Endeavour Mining (LON:EDV) Stock Price Up 4.2% – What’s Next?

Endeavour Mining plc (LON:EDV)’s share price rose 4.2% during mid-day trading on Friday . The company traded as high as GBX 4,630 and last traded at GBX 4,594. Approximately 625,846,125 shares were traded during trading, an increase of 4,407% from the average daily volume of 13,887,382 shares. The stock had previously closed at GBX 4,410.

Wall Street Analyst Weigh In

EDV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Endeavour Mining from GBX 5,900 to GBX 5,700 and set an “overweight” rating for the company in a research report on Friday, May 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,200 target price on shares of Endeavour Mining in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 6,000 target price on shares of Endeavour Mining in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Endeavour Mining currently has a consensus rating of “Buy” and a consensus target price of GBX 5,633.33.

Endeavour Mining Price Performance

The firm’s 50 day moving average price is GBX 4,537.41 and its 200-day moving average price is GBX 4,232.61. The firm has a market cap of £11.09 billion, a price-to-earnings ratio of 13.20 and a beta of 1.12.

Endeavour Mining Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, April 14th were paid a dividend of $0.83 per share. This represents a yield of 86.0%. The ex-dividend date was Friday, March 13th. Endeavour Mining’s dividend payout ratio is presently 41.67%.

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.