CIBC Cuts Endeavour Silver Corp (EDR) Price Target to C$3.75
Endeavour Silver Corp (TSE:EDR) (NYSE:EXK) had its target price dropped by equities researchers at CIBC from C$4.50 to C$3.75 in a research report issued to clients and investors on Friday. CIBC’s target price would suggest a potential upside of 42.05% from the stock’s previous close.
A number of other analysts have also recently issued reports on EDR. TD Securities cut their target price on shares of Endeavour Silver Corp from C$4.50 to C$4.25 and set a “hold” rating for the company in a research note on Friday, August 4th. Canaccord Genuity restated a “hold” rating and set a C$3.00 target price on shares of Endeavour Silver Corp in a research note on Thursday, September 7th. BMO Capital Markets restated a “market perform” rating and set a C$3.50 target price on shares of Endeavour Silver Corp in a research note on Wednesday, October 11th. Finally, HC Wainwright restated a “buy” rating on shares of Endeavour Silver Corp in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$4.00.
Endeavour Silver Corp (TSE EDR) traded up C$0.05 during midday trading on Friday, hitting C$2.64. 228,400 shares of the stock were exchanged.
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Endeavour Silver Corp Company Profile
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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