National Bank Financial Forecasts Strong Price Appreciation for Endeavour Silver (TSE:EDR) Stock

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target raised by equities researchers at National Bank Financial from C$24.00 to C$25.00 in a research report issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 77.05% from the company’s current price.

Several other research analysts also recently issued reports on EDR. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, August 3rd. TD set a C$15.00 price objective on Endeavour Silver and gave the company a “buy” rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and an average target price of C$18.03.

Endeavour Silver Trading Down 1.2%

Shares of Endeavour Silver stock traded down C$0.17 on Monday, hitting C$14.12. The stock had a trading volume of 457,018 shares, compared to its average volume of 1,267,795. The stock has a market cap of C$4.18 billion, a price-to-earnings ratio of 70.60, a PEG ratio of 0.76 and a beta of 3.31. The company has a quick ratio of 2.38, a current ratio of 1.97 and a debt-to-equity ratio of 34.64. The stock’s 50-day simple moving average is C$13.31 and its two-hundred day simple moving average is C$13.10. Endeavour Silver has a one year low of C$9.27 and a one year high of C$20.70.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its earnings results on Wednesday, July 29th. The company reported C$0.21 EPS for the quarter. Endeavour Silver had a net margin of 8.73% and a return on equity of 10.49%. The firm had revenue of C$301.35 million during the quarter. As a group, sell-side analysts predict that Endeavour Silver will post 0.6341991 EPS for the current year.

About Endeavour Silver

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.