CIBC Cuts Endeavour Silver (TSE:EDR) Price Target to C$7.25

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price objective decreased by equities research analysts at CIBC from C$8.00 to C$7.25 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 44.42% from the company’s previous close.

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

Endeavour Silver Price Performance

Endeavour Silver stock traded down C$0.33 during midday trading on Thursday, reaching C$5.02. The company’s stock had a trading volume of 906,394 shares, compared to its average volume of 872,295. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. Endeavour Silver has a fifty-two week low of C$3.34 and a fifty-two week high of C$7.87. The firm has a market capitalization of C$871.57 million, a PE ratio of -29.58, a P/E/G ratio of 0.76 and a beta of 1.92. The stock’s 50 day simple moving average is C$5.88 and its 200 day simple moving average is C$5.84.

Insider Transactions at Endeavour Silver

In other Endeavour Silver news, Director Angela Dorothy Johnson purchased 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of C$5.28 per share, with a total value of C$29,564.64. Company insiders own 0.17% of the company’s stock.

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.