Endeavour Silver (TSE:EDR) PT Lowered to C$8.00 at CIBC

Endeavour Silver (TSE:EDRGet Rating) (NYSE:EXK) had its price objective reduced by research analysts at CIBC from C$9.00 to C$8.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 76.99% from the stock’s current price.

A number of other brokerages have also recently weighed in on EDR. B. Riley Financial initiated coverage on Endeavour Silver in a research note on Monday, March 28th. They issued a “buy” rating and a C$8.00 price target on the stock. TD Securities lifted their price target on Endeavour Silver from C$6.00 to C$7.00 and gave the stock a “hold” rating in a research note on Monday, March 14th. HC Wainwright reissued a “buy” rating and issued a C$8.50 price target on shares of Endeavour Silver in a research note on Thursday. Finally, BMO Capital Markets raised their price objective on Endeavour Silver from C$5.75 to C$6.00 in a research report on Tuesday, April 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of “Hold” and an average target price of C$7.05.

Shares of EDR opened at C$4.52 on Thursday. The business’s 50-day moving average price is C$5.82 and its 200 day moving average price is C$5.69. The stock has a market capitalization of C$814.10 million and a P/E ratio of 43.88. Endeavour Silver has a 1-year low of C$3.99 and a 1-year high of C$9.32. The company has a current ratio of 3.99, a quick ratio of 3.18 and a debt-to-equity ratio of 4.84.

In other news, Director Bradford Cooke sold 20,000 shares of Endeavour Silver stock in a transaction dated Monday, April 18th. The stock was sold at an average price of C$7.04, for a total transaction of C$140,800.00. Following the completion of the sale, the director now directly owns 1,102,881 shares in the company, valued at approximately C$7,764,282.24. Also, Senior Officer Dale Mah sold 36,270 shares of Endeavour Silver stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of C$7.06, for a total value of C$256,066.20. Insiders have sold a total of 130,120 shares of company stock valued at $881,388 over the last 90 days.

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.

Featured Stories

Analyst Recommendations for Endeavour Silver (TSE:EDR)

Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter.