National Bankshares Increases Endeavour Silver (TSE:EDR) Price Target to C$19.00

Key Points

• National Bankshares has increased its price target for Endeavour Silver (TSE:EDR) from C$16.00 to C$19.00, suggesting a potential upside of 45.26% from its previous close.
• Endeavour Silver's stock recently traded up 7.0%, reaching C$13.08, with a current market capitalization of C$3.80 billion.
• Insider activity saw Directors Margaret Beck and Rex John Mclennan selling a total of 36,100 shares recently, indicating a decrease in their holdings in the company.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK had its target price hoisted by research analysts at National Bankshares from C$16.00 to C$19.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 45.26% from the company's previous close.

A number of other research firms have also weighed in on EDR. Ventum Financial boosted their target price on shares of Endeavour Silver from C$9.75 to C$12.15 in a report on Friday, September 26th. CIBC increased their target price on shares of Endeavour Silver from C$12.00 to C$14.00 in a research note on Friday, October 10th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$11.28.

Endeavour Silver Trading Up 7.0%

EDR traded up C$0.86 during trading on Wednesday, reaching C$13.08. 1,866,182 shares of the company's stock were exchanged, compared to its average volume of 1,110,322. Endeavour Silver has a one year low of C$4.21 and a one year high of C$13.19. 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 stock has a market capitalization of C$3.80 billion, a PE ratio of -48.44, a price-to-earnings-growth ratio of 0.76 and a beta of 2.17. The firm has a fifty day moving average price of C$9.08 and a two-hundred day moving average price of C$7.05.

Insider Buying and Selling at Endeavour Silver

In other Endeavour Silver news, Director Margaret Beck sold 26,100 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$199,477.08. Also, Director Rex John Mclennan sold 10,000 shares of the company's 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. The trade was a 22.32% decrease in their position. In the last 90 days, insiders have sold 54,600 shares of company stock worth $456,369. Corporate 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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