Endeavour Silver (TSE:EDR) Price Target Raised to C$15.00 at BMO Capital Markets

Key Points

• BMO Capital Markets has raised the price target for Endeavour Silver from C$13.00 to C$15.00, indicating an upside potential of 18.20% from the stock's previous close.
• Despite the positive analyst ratings, shares of Endeavour Silver dropped by 10.8% to C$12.69 during trading.
• Insider transactions revealed that directors sold a total of 54,600 shares valued at C$456,369 in the last three months, reflecting a decrease in their positions.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its price objective raised by BMO Capital Markets from C$13.00 to C$15.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 18.20% from the stock's previous close.

Several other research firms also recently issued reports on EDR. CIBC lifted their price target on Endeavour Silver from C$12.00 to C$14.00 in a research note on Friday, October 10th. National Bankshares boosted their price objective on shares of Endeavour Silver from C$16.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Ventum Financial lifted their price target on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$12.44.

Endeavour Silver Trading Down 10.8%

Shares of Endeavour Silver stock traded down C$1.54 during trading on Friday, reaching C$12.69. 2,964,659 shares of the company were exchanged, compared to its average volume of 1,135,600. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. Endeavour Silver has a twelve month low of C$4.21 and a twelve month high of C$14.54. The firm has a market capitalization of C$3.68 billion, a price-to-earnings ratio of -47.00, a P/E/G ratio of 0.76 and a beta of 2.17. The business has a 50-day moving average price of C$9.34 and a 200-day moving average price of C$7.15.

Insider Transactions at Endeavour Silver

In other news, Director Margaret Beck sold 26,100 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$7.64, for a total value of C$199,477.08. Also, Director Rex John Mclennan sold 10,000 shares of Endeavour Silver stock in a transaction on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total transaction of C$115,500.00. Following the transaction, the director owned 34,800 shares in the company, valued at approximately C$401,940. This trade represents a 22.32% decrease in their position. Insiders sold 54,600 shares of company stock valued at $456,369 in the last three months. Company 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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