National Bank Financial Has Lowered Expectations for Endeavour Silver (TSE:EDR) Stock Price

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price dropped by equities researchers at National Bank Financial from C$24.00 to C$23.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 96.41% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. TD set a C$15.00 price objective on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Monday, August 24th. Canadian Imperial Bank of Commerce cut shares of Endeavour Silver from an “outperformer” rating to a “hold” rating and decreased their target price for the company from C$25.00 to C$20.00 in a research note on Wednesday, September 23rd. Finally, B. Riley Financial raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of “Buy” and an average price target of C$19.75.

Endeavour Silver Stock Performance

Endeavour Silver stock traded up C$0.24 during midday trading on Wednesday, hitting C$11.71. 1,383,579 shares of the company were exchanged, compared to its average volume of 1,250,550. The firm has a market capitalization of C$3.47 billion, a PE ratio of 58.55, a price-to-earnings-growth ratio of 0.76 and a beta of 3.26. Endeavour Silver has a fifty-two week low of C$9.76 and a fifty-two week high of C$20.70. The business has a fifty day simple moving average of C$12.48 and a two-hundred day simple moving average of C$13.35. The company has a debt-to-equity ratio of 34.64, a quick ratio of 2.38 and a current ratio of 1.97.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings results on Monday, November 9th. The company reported C$0.20 earnings per share for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. The company had revenue of C$262.66 million during the quarter. On average, sell-side analysts forecast that Endeavour Silver will post 0.63 earnings per share for the current year.

About Endeavour Silver

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.