National Bankshares Cuts Endeavour Silver (TSE:EDR) Price Target to C$20.00

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target cut by analysts at National Bankshares from C$21.00 to C$20.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 35.50% from the stock’s current price.

EDR has been the topic of several other research reports. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Ventum Financial increased their target price on shares of Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. CIBC lifted their target price on shares of Endeavour Silver from C$14.00 to C$16.00 in a research note on Monday, November 3rd. Finally, BMO Capital Markets lifted their price objective on Endeavour Silver from C$13.00 to C$15.00 in a research report on Friday, October 17th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of “Strong Buy” and an average target price of C$12.94.

Endeavour Silver Trading Up 9.1%

TSE EDR traded up C$1.23 on Friday, hitting C$14.76. 1,693,312 shares of the stock were exchanged, compared to its average volume of 2,103,183. The company’s 50-day moving average price is C$12.16 and its two-hundred day moving average price is C$9.97. The company has a market capitalization of C$4.34 billion, a price-to-earnings ratio of -44.73, a P/E/G ratio of 0.76 and a beta of 2.51. Endeavour Silver has a 52-week low of C$4.21 and a 52-week high of C$15.13. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

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

Insiders Place Their Bets

In related news, Director Rex John Mclennan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total value of C$115,500.00. Following the transaction, the director directly owned 34,800 shares of the company’s stock, valued at approximately C$401,940. This trade represents a 22.32% decrease in their position. 0.17% of the stock is currently owned by company insiders.

About Endeavour Silver

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.