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

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price hoisted by research analysts at TD Securities from C$14.00 to C$21.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 8.64% from the stock’s current price.

Several other equities research analysts also recently issued reports on EDR. CIBC increased their target price on Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. 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 raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Ventum Financial increased their price target on shares of Endeavour Silver from C$9.75 to C$12.15 in a report on Friday, September 26th. Finally, Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, December 8th. 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 company’s stock. According to data from MarketBeat.com, Endeavour Silver has an average rating of “Strong Buy” and a consensus target price of C$15.94.

Endeavour Silver Price Performance

TSE EDR opened at C$19.33 on Thursday. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The company has a market cap of C$5.69 billion, a PE ratio of -58.58, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. Endeavour Silver has a 52 week low of C$4.21 and a 52 week high of C$19.49. The firm’s 50-day simple moving average is C$13.41 and its two-hundred day simple moving average is C$10.73.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Friday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$198.88 million during the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. Research analysts predict that Endeavour Silver will post 0.6341991 earnings per share for the current year.

Endeavour Silver Company Profile

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.