CIBC Trims Endeavour Silver (EDR) Target Price to C$3.15

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price decreased by CIBC from C$3.75 to C$3.15 in a research note issued to investors on Thursday, reports. CIBC’s price objective would suggest a potential upside of 7.14% from the company’s previous close.

EDR has been the subject of several other research reports. BMO Capital Markets reiterated a “market perform” rating and set a C$3.50 target price on shares of Endeavour Silver in a research note on Wednesday, October 11th. HC Wainwright restated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, October 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a C$3.00 price objective on shares of Endeavour Silver in a report on Thursday, September 7th. Finally, National Bank Financial cut their price target on shares of Endeavour Silver from C$4.00 to C$3.50 and set a “sector perform” rating for the company in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$3.87.

Endeavour Silver (EDR) traded up C$0.26 during mid-day trading on Thursday, reaching C$2.94. 396,931 shares of the company’s stock traded hands, compared to its average volume of 335,649. Endeavour Silver has a 12-month low of C$2.50 and a 12-month high of C$6.44.

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Endeavour Silver 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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