Endeavour Silver Corp. (TSE:EDR) Receives C$7.75 Average Target Price from Analysts

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$7.70.

Several brokerages have issued reports on EDR. BMO Capital Markets cut their target price on shares of Endeavour Silver from C$8.50 to C$8.00 in a research note on Wednesday, February 12th. TD Securities lowered their price target on Endeavour Silver from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Ventum Financial set a C$9.00 price objective on Endeavour Silver and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Raymond James set a C$7.50 price objective on Endeavour Silver and gave the stock an “outperform” rating in a research report on Friday.

Endeavour Silver Price Performance

EDR opened at C$6.66 on Friday. Endeavour Silver has a 1 year low of C$2.85 and a 1 year high of C$7.87. The stock’s 50 day simple moving average is C$5.72 and its 200 day simple moving average is C$5.74. The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of -39.24, a PEG ratio of 0.76 and a beta of 1.92. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

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.