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

Endeavour Mining plc (LON:EDV) shares shot up 4.2% during trading on Friday . The company traded as high as GBX 4,630 and last traded at GBX 4,594. 625,846,125 shares were traded during trading, an increase of 4,407% from the average session volume of 13,887,382 shares. The stock had previously closed at GBX 4,410.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EDV. Berenberg Bank reissued a “buy” rating and set a GBX 5,200 price objective on shares of Endeavour Mining in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their target price on Endeavour Mining from GBX 5,900 to GBX 5,700 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 6,000 target price on shares of Endeavour Mining in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 5,633.33.

Endeavour Mining Price Performance

The company has a market capitalization of £11.09 billion, a P/E ratio of 13.20 and a beta of 1.12. The firm has a fifty day moving average price of GBX 4,537.41 and a 200-day moving average price of GBX 4,232.61.

Endeavour Mining Dividend Announcement

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