National Bankshares Forecasts Strong Price Appreciation for Endeavour Silver (TSE:EDR) Stock

Key Points

• National Bankshares has increased its target price for Endeavour Silver (TSE:EDR) from C$10.00 to C$16.00, suggesting a potential upside of 54.89% from the current price.
• The stock has received a consensus rating of "Buy", with three analysts recommending a Strong Buy and an average price target of C$9.13.
• Insider selling activity has been notable, with directors selling a total of 149,414 shares worth approximately $1.17 million in the last three months.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its target price boosted by analysts at National Bankshares from C$10.00 to C$16.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 54.89% from the company's current price.

Separately, National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Three research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$9.13.

Endeavour Silver Trading Down 2.7%

EDR stock traded down C$0.29 during mid-day trading on Wednesday, reaching C$10.33. 652,671 shares of the stock traded hands, compared to its average volume of 1,030,287. Endeavour Silver has a 52-week low of C$4.21 and a 52-week high of C$11.33. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The company has a market cap of C$3.00 billion, a P/E ratio of -38.26, a P/E/G ratio of 0.76 and a beta of 1.82. The stock's fifty day moving average is C$8.04 and its 200-day moving average is C$6.60.

Insider Buying and Selling

In other Endeavour Silver news, Director Amy Eileen Jacobsen sold 6,582 shares of Endeavour Silver 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 stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$8.00, for a total transaction of C$64,256.00. Insiders sold a total of 149,414 shares of company stock worth $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.