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

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target decreased by investment analysts at CIBC from C$8.00 to C$7.25 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 44.42% from the stock’s current price.

EDR has been the topic of several other research reports. Raymond James set a C$7.50 target price on shares of Endeavour Silver and gave the company an “outperform” rating in a report on Friday, March 21st. BMO Capital Markets reduced their price objective on shares of Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. Finally, TD Securities decreased their price target 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. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Buy” and a consensus target price of C$7.75.

Endeavour Silver Stock Down 6.2 %

EDR stock traded down C$0.33 during midday trading on Thursday, hitting C$5.02. The company’s stock had a trading volume of 906,394 shares, compared to its average volume of 872,295. The firm has a 50-day simple moving average of C$5.88 and a 200-day simple moving average of C$5.84. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. Endeavour Silver has a 52-week low of C$3.34 and a 52-week high of C$7.87. The firm has a market capitalization of C$871.57 million, a P/E ratio of -29.58, a PEG ratio of 0.76 and a beta of 1.92.

Insiders Place Their Bets

In related news, Director Angela Dorothy Johnson purchased 5,600 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of C$5.28 per share, for a total transaction of C$29,564.64. 0.17% of the stock is currently owned by corporate insiders.

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.