Endeavour Silver (TSE:EDR) Rating Lowered to Neutral at Canadian Imperial Bank of Commerce

Endeavour Silver (TSE:EDR) (NYSE:EXK) was downgraded by analysts at Canadian Imperial Bank of Commerce from an “outperformer” rating to a “neutral” rating in a research note issued on Wednesday, BayStreet reports. They currently have a C$20.00 price target on the stock, down from their previous price target of C$25.00. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 53.14% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. National Bank Financial lifted their target price on shares of Endeavour Silver from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday. B. Riley Financial raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, TD set a C$15.00 price target on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$18.03.

Endeavour Silver Price Performance

Shares of TSE:EDR traded down C$1.73 during trading on Wednesday, reaching C$13.06. The stock had a trading volume of 1,679,802 shares, compared to its average volume of 1,270,409. The business has a fifty day moving average price of C$13.44 and a 200-day moving average price of C$13.07. Endeavour Silver has a 1-year low of C$9.27 and a 1-year high of C$20.70. The company has a debt-to-equity ratio of 34.64, a quick ratio of 2.38 and a current ratio of 1.97. The stock has a market cap of C$3.87 billion, a PE ratio of 65.30, a PEG ratio of 0.76 and a beta of 3.31.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$301.35 million for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. On average, equities analysts forecast that Endeavour Silver will post 0.6341991 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.