Endeavour Silver (TSE:EDR) Given New C$14.00 Price Target at CIBC

Key Points

• Endeavour Silver's (TSE:EDR) price target was increased from C$12.00 to C$14.00 by CIBC, indicating a potential upside of 30.60% based on the stock's previous close.
• National Bankshares also raised its price objective to C$16.00 with an "outperform" rating, while three analysts currently rate Endeavour Silver as a Strong Buy.
• The company's stock has shown significant trading activity, with recent share prices reaching C$10.72 and a 52-week high of C$12.02.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its price target lifted by research analysts at CIBC from C$12.00 to C$14.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 30.60% from the stock's previous close.

EDR has been the subject of several other research reports. National Bankshares boosted their price objective on Endeavour Silver from C$10.00 to C$16.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Ventum Financial boosted their price objective on Endeavour Silver from C$9.75 to C$12.15 in a report on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Endeavour Silver presently has a consensus rating of "Buy" and an average target price of C$10.78.

Endeavour Silver Stock Performance

Shares of TSE EDR traded up C$0.08 during mid-day trading on Friday, reaching C$10.72. 1,540,327 shares of the company's stock were exchanged, compared to its average volume of 1,095,735. Endeavour Silver has a 52 week low of C$4.21 and a 52 week high of C$12.02. The firm has a 50-day moving average price of C$8.82 and a two-hundred day moving average price of C$6.95. The firm has a market capitalization of C$3.11 billion, a price-to-earnings ratio of -39.70, a price-to-earnings-growth ratio of 0.76 and a beta of 2.17. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

Insider Buying and Selling

In other news, Senior Officer Gregory Arnold Blaylock sold 8,032 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$8.00, for a total value of C$64,256.00. Also, Director Margaret Beck sold 18,500 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$141,391.80. In the last three months, insiders sold 149,414 shares of company stock valued at $1,167,723. Insiders own 0.17% of the company's stock.

About Endeavour Silver

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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