Endeavour Mining (LON:EDV) Shares Down 4.2% – Here’s Why

Shares of Endeavour Mining plc (LON:EDV) were down 4.2% during trading on Thursday. The stock traded as low as GBX 3,931 and last traded at GBX 3,946. 52,873,469 shares traded hands during mid-day trading, an increase of 403% from the average session volume of 10,516,349 shares. The stock had previously closed at GBX 4,121.

Wall Street Analyst Weigh In

Several equities analysts have commented on EDV shares. JPMorgan Chase & Co. cut their price objective on Endeavour Mining from GBX 5,700 to GBX 5,100 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 target price on shares of Endeavour Mining in a report on Thursday, July 30th. Finally, Royal Bank Of Canada cut Endeavour Mining to a “sector perform” rating and lowered their target price for the stock from GBX 5,100 to GBX 4,600 in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Endeavour Mining presently has an average rating of “Moderate Buy” and an average target price of GBX 4,900.

Endeavour Mining Price Performance

The business’s 50 day moving average is GBX 4,413.99 and its 200-day moving average is GBX 4,248.24. The company has a market cap of £9.32 billion, a PE ratio of 11.37 and a beta of 1.14.

Endeavour Mining Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a $0.95 dividend. This represents a dividend yield of 111.0%. The ex-dividend date was Friday, September 11th. Endeavour Mining’s dividend payout ratio (DPR) is presently 42.65%.

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.