TD Securities Issues Pessimistic Forecast for Endeavour Silver (TSE:EDR) Stock Price

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price cut by TD Securities from C$7.50 to C$7.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 4.95% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EDR. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. BMO Capital Markets decreased their price objective on shares of Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. Finally, Ventum Financial set a C$9.00 price objective on shares of Endeavour Silver and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$7.75.

Endeavour Silver Stock Up 2.3 %

Shares of TSE:EDR opened at C$6.67 on Tuesday. Endeavour Silver has a one year low of C$2.74 and a one year high of C$7.87. The company has a 50 day moving average of C$5.51 and a 200-day moving average of C$5.60. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of -39.30, a P/E/G ratio of 0.76 and a beta of 1.92.

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.