Endeavour Silver (TSE:EDR) Given New C$12.15 Price Target at Ventum Financial

Key Points

• Ventum Financial has raised its price target for Endeavour Silver from C$9.75 to C$12.15, indicating a potential upside of 10.35% from the stock's current price.
• National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating, contributing to a consensus average rating of "Buy" among analysts.
• Insiders have sold 149,414 shares of Endeavour Silver stock valued at $1,167,723 in the last three months, indicating significant insider activity.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its price target increased by equities research analysts at Ventum Financial from C$9.75 to C$12.15 in a research report issued on Friday,BayStreet.CA reports. Ventum Financial's price target points to a potential upside of 10.35% from the stock's current price.

A number of other brokerages have also recently issued reports on EDR. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares raised their target price on Endeavour Silver from C$10.00 to C$16.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, CIBC lifted their price objective on Endeavour Silver from C$10.00 to C$12.00 in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$10.44.

Endeavour Silver Price Performance

TSE EDR traded up C$0.37 on Friday, reaching C$11.01. 2,655,685 shares of the stock traded hands, compared to its average volume of 1,044,376. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The company has a market cap of C$3.19 billion, a price-to-earnings ratio of -40.78, a P/E/G ratio of 0.76 and a beta of 1.82. The firm's fifty day simple moving average is C$8.16 and its 200 day simple moving average is C$6.66. Endeavour Silver has a 12 month low of C$4.21 and a 12 month high of C$11.33.

Insider Activity at Endeavour Silver

In other news, Director Amy Eileen Jacobsen sold 6,582 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of C$7.90, for a total transaction of C$51,997.80. Also, Senior Officer Gregory Arnold Blaylock sold 35,200 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$8.00, for a total transaction of C$281,600.00. Insiders have sold 149,414 shares of company stock valued at $1,167,723 in the last three months. Insiders own 0.17% of the company's stock.

Endeavour Silver Company Profile

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas.

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