Endeavour Silver (TSE:EDR) Trading Down 12.5% Following Analyst Downgrade

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price dropped 12.5% during trading on Wednesday after Canadian Imperial Bank of Commerce downgraded the stock from an outperformer rating to a neutral rating. Canadian Imperial Bank of Commerce now has a C$20.00 price target on the stock, down from their previous price target of C$25.00. Endeavour Silver traded as low as C$12.90 and last traded at C$12.94. 1,354,426 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 1,268,494 shares. The stock had previously closed at C$14.79.

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

Endeavour Silver Trading Down 11.5%

The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64. The company has a market cap of C$3.88 billion, a PE ratio of 65.45, a PEG ratio of 0.76 and a beta of 3.31. The stock has a 50 day moving average price of C$13.44 and a 200 day moving average price of C$13.07.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its earnings results on Wednesday, July 29th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$301.35 million for the quarter. Endeavour Silver had a net margin of 8.73% and a return on equity of 10.49%. Sell-side analysts predict that Endeavour Silver Corp. will post 0.6341991 EPS for the current fiscal year.

About Endeavour Silver

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.