Endeavour Silver (TSE:EDR) Price Target Cut to C$7.25 by Analysts at CIBC

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price trimmed by CIBC from C$8.00 to C$7.25 in a research report released on Thursday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. TD Securities reduced their target price on Endeavour Silver from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Raymond James set a C$7.50 price target on shares of Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets decreased their price objective 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 issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$7.75.

Endeavour Silver Price Performance

TSE EDR opened at C$4.97 on Thursday. The firm has a market cap of C$862.89 million, a P/E ratio of -29.29, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The stock’s 50-day moving average is C$5.88 and its two-hundred day moving average is C$5.84. Endeavour Silver has a fifty-two week low of C$3.34 and a fifty-two week high of C$7.87. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

Insiders Place Their Bets

In related news, Director Angela Dorothy Johnson purchased 5,600 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of C$5.28 per share, for a total transaction of C$29,564.64. Company insiders own 0.17% of the company’s stock.

About Endeavour Silver

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.