TD Securities Forecasts Strong Price Appreciation for Endeavour Silver (TSE:EDR) Stock

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price objective hoisted by analysts at TD Securities from C$14.00 to C$21.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 12.60% from the stock’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets raised their target price on Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. National Bankshares cut their price objective on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. Finally, CIBC raised their price target on Endeavour Silver from C$18.00 to C$20.00 in a research note on Tuesday, January 13th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$15.94.

Endeavour Silver Trading Up 10.1%

Shares of TSE EDR traded up C$1.71 during mid-day trading on Thursday, hitting C$18.65. The stock had a trading volume of 1,756,932 shares, compared to its average volume of 1,987,657. The business has a 50 day moving average price of C$13.09 and a two-hundred day moving average price of C$10.58. Endeavour Silver has a 1 year low of C$4.21 and a 1 year high of C$18.80. 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 firm has a market cap of C$5.49 billion, a P/E ratio of -56.52, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51.

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. The firm had revenue of C$198.88 million for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. On average, equities analysts anticipate that Endeavour Silver will post 0.6341991 EPS for the current fiscal year.

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.