Endeavour Silver (TSE:EDR) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC analysts have increased their target price for Endeavour Silver (TSE:EDR) from C$10.00 to C$12.00, suggesting a potential upside of 14.39% from its current price.
• National Bank Financial has upgraded Endeavour Silver to a "strong-buy" rating, with a new price objective of C$16.00, while three analysts now hold a Strong Buy rating for the stock.
• Endeavour Silver’s stock traded up 1.9% on Thursday, reaching C$10.49, with a market cap of C$3.04 billion and a reported one-year price range of C$4.21 to C$11.33.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its target price boosted by investment analysts at CIBC from C$10.00 to C$12.00 in a report released on Thursday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 14.39% from the company's current price.

Other research analysts have also issued research reports about the stock. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares boosted their price objective on shares of Endeavour Silver from C$10.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three 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. According to data from MarketBeat.com, Endeavour Silver has an average rating of "Buy" and a consensus target price of C$9.92.

Endeavour Silver Trading Up 1.9%

Endeavour Silver stock traded up C$0.20 during trading hours on Thursday, hitting C$10.49. The company had a trading volume of 952,932 shares, compared to its average volume of 1,031,153. The firm has a market cap of C$3.04 billion, a P/E ratio of -38.85, a P/E/G ratio of 0.76 and a beta of 1.82. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. Endeavour Silver has a 1 year low of C$4.21 and a 1 year high of C$11.33. The company has a 50-day moving average price of C$8.10 and a two-hundred day moving average price of C$6.63.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, Director Amy Eileen Jacobsen sold 6,582 shares of the business'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 8,032 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$8.00, for a total transaction of C$64,256.00. Insiders have sold a total of 149,414 shares of company stock worth $1,167,723 over the last 90 days. 0.17% of the stock is owned by corporate 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.

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