Endeavour Silver Corp. (TSE:EDR) Given Consensus Rating of “Strong Buy” by Brokerages

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

EDR has been the subject of several recent research reports. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. CIBC boosted their target price on shares of Endeavour Silver from C$14.00 to C$16.00 in a research report on Monday, November 3rd. BMO Capital Markets raised their price objective on Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. Ventum Financial lifted their price objective on Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Finally, National Bankshares boosted their target price on shares of 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.

Endeavour Silver Trading Down 1.6%

EDR stock opened at C$13.36 on Friday. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The company has a market capitalization of C$3.93 billion, a price-to-earnings ratio of -40.48, a PEG ratio of 0.76 and a beta of 2.39. The business has a 50 day simple moving average of C$11.80 and a two-hundred day simple moving average of C$9.51. Endeavour Silver has a 1-year low of C$4.21 and a 1-year high of C$14.54.

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

Insiders Place Their Bets

In other news, Director Rex John Mclennan sold 10,000 shares of the business’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 transaction of C$115,500.00. Following the transaction, the director directly owned 34,800 shares in the company, valued at C$401,940. The trade was a 22.32% decrease in their position. Insiders own 0.17% of the company’s stock.

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.