Endeavour Silver (EDR) Price Target Cut to C$3.25

Endeavour Silver (TSE:EDR) (NYSE:EXK) had its price target cut by TD Securities from C$3.75 to C$3.25 in a report issued on Thursday morning. They currently have a hold rating on the stock.

Several other research firms have also recently weighed in on EDR. BMO Capital Markets reduced their price target on Endeavour Silver from C$3.20 to C$3.00 in a report on Thursday. HC Wainwright reduced their price target on Endeavour Silver from C$6.00 to C$5.75 in a report on Sunday, October 14th. Finally, Pi Financial reduced their price target on Endeavour Silver from C$4.25 to C$3.75 and set a buy rating on the stock in a report on Friday, September 28th.

Shares of TSE:EDR traded up C$0.01 during midday trading on Thursday, hitting C$2.78. 121,766 shares of the stock were exchanged, compared to its average volume of 246,286. Endeavour Silver has a 12 month low of C$2.45 and a 12 month high of C$4.40.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings results on Thursday, August 2nd. The company reported C($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.07). The firm had revenue of C$50.02 million for the quarter, compared to the consensus estimate of C$52.28 million. Endeavour Silver had a return on equity of 7.39% and a net margin of 6.41%.

Endeavour Silver Company Profile

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.

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