Endeavour Silver (TSE:EDR) Stock Gets Price Target Cut from National Bank Financial

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price objective dropped by equities researchers at National Bank Financial from C$24.00 to C$23.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price target points to a potential upside of 96.41% from the company’s current price.

EDR has been the topic of several other reports. TD set a C$15.00 target price on Endeavour Silver and gave the company a “buy” rating in a research report on Monday, August 24th. Canadian Imperial Bank of Commerce lowered Endeavour Silver from an “outperformer” rating to a “hold” rating and dropped their price target for the stock from C$25.00 to C$20.00 in a research note on Wednesday, September 23rd. Finally, B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Endeavour Silver currently has an average rating of “Buy” and a consensus price target of C$19.75.

Endeavour Silver Stock Up 2.1%

Shares of EDR stock traded up C$0.24 during trading hours on Wednesday, reaching C$11.71. 1,383,579 shares of the company’s stock were exchanged, compared to its average volume of 1,250,550. The stock’s 50 day moving average is C$12.48 and its 200-day moving average is C$13.35. The company has a market cap of C$3.47 billion, a price-to-earnings ratio of 58.55, a P/E/G ratio of 0.76 and a beta of 3.26. The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64. Endeavour Silver has a fifty-two week low of C$9.76 and a fifty-two week high of C$20.70.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings data on Monday, November 9th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$262.66 million during the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. Analysts predict that Endeavour Silver will post 0.63 earnings per share for the current fiscal year.

About Endeavour Silver

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.