Endeavour Mining (LON:EDV) Stock Price Up 4.8% – Here’s Why

Endeavour Mining plc (LON:EDV) shares rose 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.

Analyst Ratings Changes

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

Endeavour Mining Trading Down 2.6%

The firm’s fifty day moving average price is GBX 4,525.69 and its 200-day moving average price is GBX 3,816.07. The company has a market cap of £10.80 billion, a P/E ratio of 22.66 and a beta of 1.07.

Endeavour Mining Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, April 14th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a yield of 86.0%. Endeavour Mining’s dividend payout ratio is 60.10%.

Endeavour Mining Company Profile

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.