CIBC Boosts Endeavour Silver (TSE:EDR) Price Target to C$20.00

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target raised by equities researchers at CIBC from C$18.00 to C$20.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 26.58% from the stock’s current price.

Several other analysts have also recently commented on EDR. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Ventum Financial lifted their target price on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. BMO Capital Markets upped their target price on shares of Endeavour Silver from C$13.00 to C$15.00 in a report on Friday, October 17th. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, December 8th. Finally, National Bankshares decreased their price target on shares of Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Endeavour Silver currently has a consensus rating of “Strong Buy” and an average target price of C$13.61.

Endeavour Silver Price Performance

Endeavour Silver stock traded up C$0.30 during trading on Tuesday, reaching C$15.80. The company had a trading volume of 1,275,241 shares, compared to its average volume of 1,998,635. 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 firm has a market capitalization of C$4.65 billion, a PE ratio of -47.88, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. Endeavour Silver has a 1-year low of C$4.21 and a 1-year high of C$16.23. The firm’s 50-day simple moving average is C$12.30 and its 200 day simple moving average is C$10.14.

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. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. The company had revenue of C$198.88 million during the quarter. As a group, equities research analysts anticipate that Endeavour Silver will post 0.6341991 earnings per share for the current fiscal year.

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