CIBC Lowers Endeavour Silver (TSE:EDR) Price Target to C$7.50

Endeavour Silver (TSE:EDRGet Rating) (NYSE:EXK) had its target price reduced by stock analysts at CIBC from C$8.00 to C$7.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 59.57% from the stock’s current price.

Separately, HC Wainwright reissued a “buy” rating and set a C$6.00 price target on shares of Endeavour Silver in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$6.25.

Endeavour Silver Stock Up 1.7 %

EDR opened at C$4.70 on Wednesday. Endeavour Silver has a 1-year low of C$3.40 and a 1-year high of C$7.49. The stock’s fifty day simple moving average is C$4.32 and its 200 day simple moving average is C$4.40. The company has a current ratio of 5.08, a quick ratio of 3.79 and a debt-to-equity ratio of 4.78. The stock has a market cap of C$892.95 million and a PE ratio of 52.22.

Endeavour Silver (TSE:EDRGet Rating) (NYSE:EXK) last posted its quarterly earnings data on Tuesday, August 9th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.05). The business had revenue of C$39.29 million during the quarter, compared to analysts’ expectations of C$46.57 million. As a group, research analysts expect that Endeavour Silver will post 0.12 earnings per share for the current year.

About Endeavour Silver

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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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