Endeavour Silver (TSE:EDR) Cut to Hold at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce cut shares of Endeavour Silver (TSE:EDR) (NYSE:EXK) from an outperformer rating to a hold rating in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have C$20.00 price target on the stock, down from their previous price target of C$25.00.

EDR has been the subject of several other research reports. TD set a C$15.00 target price on shares of Endeavour Silver and gave the company a “buy” rating in a report on Monday, August 24th. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. Finally, National Bank Financial upped their price objective on shares of Endeavour Silver from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$19.20.

Endeavour Silver Trading Up 2.8%

Shares of Endeavour Silver stock opened at C$13.29 on Wednesday. The stock has a fifty day simple moving average of C$13.59 and a 200 day simple moving average of C$13.04. Endeavour Silver has a 12-month low of C$9.27 and a 12-month high of C$20.70. The company has a market capitalization of C$3.94 billion, a P/E ratio of 66.45, a price-to-earnings-growth ratio of 0.76 and a beta of 3.31. The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$301.35 million for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. On average, sell-side analysts anticipate that Endeavour Silver will post 0.6341991 earnings per share for the current fiscal 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.