Natl Bk Canada Upgrades Endeavour Silver (TSE:EDR) to “Strong-Buy”

Endeavour Silver (TSE:EDR) (NYSE:EXK) was upgraded by investment analysts at Natl Bk Canada to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also commented on the company. BMO Capital Markets lifted their price target on Endeavour Silver from C$13.00 to C$15.00 in a research report on Friday, October 17th. CIBC raised their price target on shares of Endeavour Silver from C$14.00 to C$16.00 in a research note on Monday, November 3rd. National Bankshares lifted their target price on Endeavour Silver from C$16.00 to C$19.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Ventum Financial upped their price target on shares of Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. Finally, Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of C$13.11.

Endeavour Silver Price Performance

EDR stock opened at C$12.28 on Monday. The company has a market capitalization of C$3.61 billion, a PE ratio of -37.21, a price-to-earnings-growth ratio of 0.76 and a beta of 2.39. Endeavour Silver has a one year low of C$4.21 and a one year high of C$14.54. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The company’s fifty day moving average price is C$11.43 and its 200-day moving average price is C$8.93.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. The firm had revenue of C$198.88 million for the quarter. On average, equities analysts anticipate that Endeavour Silver will post 0.6341991 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rex John Mclennan sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 34,800 shares in the company, valued at approximately C$401,940. The trade was a 22.32% decrease in their ownership of the stock. 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.