BMO Capital Markets Issues Pessimistic Forecast for Endeavour Silver (TSE:EDR) Stock Price

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its target price cut by stock analysts at BMO Capital Markets from C$8.50 to C$8.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 35.36% from the stock’s current price.

A number of other analysts also recently weighed in on EDR. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Financial set a C$9.00 price objective on Endeavour Silver and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, TD Securities raised their price objective on Endeavour Silver from C$7.00 to C$7.50 in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$7.88.

Endeavour Silver Price Performance

Shares of EDR stock traded up C$0.28 on Wednesday, reaching C$5.91. The company’s stock had a trading volume of 493,809 shares, compared to its average volume of 607,412. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -73.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The stock’s fifty day simple moving average is C$5.47 and its 200-day simple moving average is C$5.50. The company has a current ratio of 2.02, a quick ratio of 2.38 and a debt-to-equity ratio of 14.58. Endeavour Silver has a 1 year low of C$1.94 and a 1 year high of C$7.87.

About Endeavour Silver

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.