Endeavour Silver (TSE:EDR) PT Set at C$28.00 by National Bank Financial

Key Points

• National Bank Financial set a C$28.00 price target and an "outperform" rating on Endeavour Silver, implying roughly a 98.58% upside from the stock's prior close.
• Other analysts have also raised targets (CIBC to C$20.00, TD to C$21.00), leaving a MarketBeat consensus of "Strong Buy" with an average target of C$19.23.
• Insider Daniel Dickson sold 100,000 shares at C$18.99 (reducing his stake by ~26.98%), leaving company insiders with just 0.17% ownership.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK received a C$28.00 price objective from equities researchers at National Bank Financial in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 98.58% from the stock's previous close.

A number of other research firms have also weighed in on EDR. Canadian Imperial Bank of Commerce upped their price objective on shares of Endeavour Silver from C$18.00 to C$20.00 in a research note on Tuesday, January 13th. TD Securities upped their price objective on shares of Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average target price of C$19.23.

Endeavour Silver Trading Up 5.7%

Shares of EDR traded up C$0.76 during trading hours on Friday, reaching C$14.10. 854,407 shares of the company traded hands, compared to its average volume of 1,681,770. The firm has a market cap of C$4.17 billion, a price-to-earnings ratio of -33.57, a PEG ratio of 0.76 and a beta of 3.16. Endeavour Silver has a 12-month low of C$4.41 and a 12-month high of C$20.70. The company has a current ratio of 1.53, a quick ratio of 2.38 and a debt-to-equity ratio of 42.12. The stock's fifty day moving average price is C$14.75 and its 200 day moving average price is C$13.56.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last issued its earnings results on Friday, February 27th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$231.01 million during the quarter. Endeavour Silver had a negative net margin of 25.75% and a negative return on equity of 23.02%. Sell-side analysts forecast that Endeavour Silver will post 0.6341991 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Daniel Dickson sold 100,000 shares of the company's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$18.99, for a total value of C$1,899,000.00. Following the completion of the sale, the insider directly owned 270,624 shares of the company's stock, valued at C$5,139,149.76. This represents a 26.98% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company insiders.

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.

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