National Bank Financial Lowers Endeavour Silver Corp (EDR) Price Target to C$3.50
Endeavour Silver Corp (TSE:EDR) (NYSE:EXK) had its price target decreased by equities researchers at National Bank Financial from C$4.00 to C$3.50 in a research note issued on Friday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 32.58% from the stock’s previous close. National Bank Financial also issued estimates for Endeavour Silver Corp’s FY2017 earnings at $0.01 EPS.
EDR has been the subject of several other research reports. BMO Capital Markets reissued a “market perform” rating and set a C$3.50 price objective on shares of Endeavour Silver Corp in a research report on Wednesday, October 11th. CIBC lowered their price objective on shares of Endeavour Silver Corp from C$4.50 to C$3.75 in a research report on Friday. HC Wainwright reaffirmed a “buy” rating on shares of Endeavour Silver Corp in a research report on Wednesday, October 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a C$3.00 target price on shares of Endeavour Silver Corp in a research report on Thursday, September 7th. Finally, TD Securities decreased 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 report on Friday, August 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$4.00.
Shares of Endeavour Silver Corp (EDR) traded up C$0.05 during mid-day trading on Friday, hitting C$2.64. 228,400 shares of the stock traded hands.
About Endeavour Silver Corp
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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