CIBC Has Lowered Expectations for Endeavour Silver (TSE:EDR) Stock Price

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target decreased by investment analysts at CIBC from C$8.00 to C$7.25 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 62.56% from the company’s previous close.

EDR has been the topic of a number of other reports. TD Securities reduced their price target on shares of 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. BMO Capital Markets reduced their target price on Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. Finally, Raymond James set a C$7.50 price target on Endeavour Silver and gave the company an “outperform” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$7.75.

Endeavour Silver Trading Down 10.3 %

Endeavour Silver stock opened at C$4.46 on Thursday. Endeavour Silver has a 1 year low of C$3.34 and a 1 year high of C$7.87. The firm’s 50 day moving average price is C$5.86 and its 200-day moving average price is C$5.84. 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$774.35 million, a P/E ratio of -26.28, a PEG ratio of 0.76 and a beta of 1.92.

Insider Activity

In related news, Director Angela Dorothy Johnson bought 5,600 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of C$5.28 per share, with a total value of C$29,564.64. Corporate insiders own 0.17% of the company’s stock.

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.