Cibc Captl Mkts Upgrades Endeavour Silver (TSE:EDR) to “Strong-Buy”

Endeavour Silver (TSE:EDR) (NYSE:EXK) was upgraded by equities researchers at Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. BMO Capital Markets boosted their price target on Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. CIBC boosted their price target on Endeavour Silver from C$14.00 to C$16.00 in a research note on Monday. Ventum Financial boosted their price target on Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Finally, National Bankshares boosted their price target on Endeavour Silver from C$16.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$12.78.

Endeavour Silver Price Performance

Shares of EDR stock opened at C$11.48 on Monday. Endeavour Silver has a fifty-two week low of C$4.21 and a fifty-two week high of C$14.54. The firm has a market capitalization of C$3.33 billion, a price-to-earnings ratio of -42.52, a PEG ratio of 0.76 and a beta of 2.17. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The stock’s 50-day simple moving average is C$10.27 and its 200-day simple moving average is C$7.74.

Insider Buying and Selling

In related news, Director Margaret Beck sold 18,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$7.64, for a total value of C$141,391.80. Also, Director Rex John Mclennan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of C$11.55, for a total value of C$115,500.00. Following the completion of the sale, the director owned 34,800 shares in the company, valued at approximately C$401,940. This represents a 22.32% decrease in their position. In the last quarter, insiders sold 54,600 shares of company stock worth $456,369. 0.17% of the stock is owned by insiders.

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.