Endeavour Silver Corp. (TSE:EDR) Receives Consensus Recommendation of “Buy” from Brokerages

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) has been given an average recommendation of “Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment 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. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$7.70.

A number of brokerages have recently commented on EDR. BMO Capital Markets cut their price target on shares of Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. TD Securities cut their target price 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. Raymond James set a C$7.50 price target on Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, March 21st. Finally, Ventum Financial set a C$9.00 price objective on Endeavour Silver and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

Endeavour Silver Trading Up 3.3 %

EDR opened at C$6.52 on Friday. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. Endeavour Silver has a fifty-two week low of C$3.07 and a fifty-two week high of C$7.87. The company’s 50 day moving average price is C$5.84 and its two-hundred day moving average price is C$5.79. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -38.42, a PEG ratio of 0.76 and a beta of 1.92.

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.