Endeavour Silver (TSE:EDR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price objective increased by BMO Capital Markets from C$13.00 to C$15.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 18.20% from the stock’s previous close.

Several other research firms have also weighed in on EDR. National Bankshares boosted their price objective on shares of Endeavour Silver from C$16.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday. Ventum Financial boosted their price objective on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Finally, CIBC boosted their price objective on shares of Endeavour Silver from C$12.00 to C$14.00 in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$12.44.

Endeavour Silver Stock Down 10.8%

Endeavour Silver stock opened at C$12.69 on Friday. The firm has a market capitalization of C$3.68 billion, a PE ratio of -47.00, a P/E/G ratio of 0.76 and a beta of 2.17. The company’s 50-day moving average is C$9.44 and its 200-day moving average is C$7.21. Endeavour Silver has a fifty-two week low of C$4.21 and a fifty-two week high of C$14.54. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

Insider Transactions at Endeavour Silver

In related news, Director Rex John Mclennan sold 10,000 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of C$11.55, for a total value of C$115,500.00. Following the transaction, the director owned 34,800 shares in the company, valued at approximately C$401,940. This represents a 22.32% decrease in their position. Also, Director Margaret Beck sold 26,100 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$199,477.08. In the last quarter, insiders sold 54,600 shares of company stock worth $456,369. 0.17% of the stock is owned by company insiders.

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.