Endeavour Silver (TSE:EDR) Earns “Buy” Rating from HC Wainwright

Endeavour Silver (TSE:EDR – Get Rating) (NYSE:EXK)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report issued on Tuesday, TipRanks reports. They presently have a C$8.75 price objective on the stock. HC Wainwright’s target price suggests a potential upside of 31.18% from the company’s current price.

EDR has been the subject of several other reports. CIBC boosted their price objective on Endeavour Silver from C$8.00 to C$9.00 and gave the stock a “neutral” rating in a research note on Friday, March 11th. BMO Capital Markets started coverage on Endeavour Silver in a research report on Tuesday, March 22nd. They issued a “hold” rating and a C$5.50 price target for the company. TD Securities upped their price target on Endeavour Silver from C$6.00 to C$7.00 and gave the company a “hold” rating in a research report on Monday, March 14th. Finally, B. Riley Financial started coverage on Endeavour Silver in a research report on Monday, March 28th. They issued a “buy” rating and a C$8.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$7.43.

TSE:EDR traded up C$0.39 during trading hours on Tuesday, hitting C$6.67. 432,436 shares of the stock were exchanged, compared to its average volume of 475,249. Endeavour Silver has a 52-week low of C$4.28 and a 52-week high of C$9.32. The firm’s fifty day moving average price is C$5.75 and its 200 day moving average price is C$5.72. The company has a current ratio of 3.99, a quick ratio of 3.18 and a debt-to-equity ratio of 4.84. The company has a market cap of C$1.20 billion and a P/E ratio of 66.34.

About Endeavour Silver (Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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