Endeavour Silver Corp. (TSE:EDR) Receives Average Rating of “Strong Buy” from Brokerages

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) has earned a consensus recommendation of “Strong Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$13.11.

Several equities research analysts recently issued reports on the stock. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Natl Bk Canada raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. BMO Capital Markets upped their price target on shares of Endeavour Silver from C$13.00 to C$15.00 in a report on Friday, October 17th. National Bankshares increased their price target on Endeavour Silver from C$18.00 to C$21.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Finally, Ventum Financial boosted their price objective on Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th.

Endeavour Silver Trading Down 1.6%

Shares of EDR stock opened at C$13.36 on Friday. Endeavour Silver has a fifty-two week low of C$4.21 and a fifty-two week high of C$14.54. The stock’s fifty day moving average price is C$11.82 and its two-hundred day moving average price is C$9.57. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The company has a market cap of C$3.93 billion, a PE ratio of -40.48, a P/E/G ratio of 0.76 and a beta of 2.39.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$198.88 million for the quarter. Endeavour Silver had a negative return on equity of 7.12% and a negative net margin of 13.04%. Equities analysts predict that Endeavour Silver will post 0.6341991 EPS for the current fiscal year.

Insider Activity

In other news, Director Rex John Mclennan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total value of C$115,500.00. Following the completion of the transaction, the director owned 34,800 shares of the company’s stock, valued at C$401,940. This represents a 22.32% decrease in their ownership of the stock. 0.17% of the stock is owned by corporate insiders.

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.