Endeavour Silver Corp. Analysts Issue "Buy" Recommendation

Endeavour Silver Corp. (TSE:EDR - Get Free Report) and NYSE:EXK have received positive remarks from analysts, who have assigned an average rating of "Buy" based on the evaluations of five analysts currently covering the stock, according to Marketbeat Ratings. Specifically, one analyst assigned a hold rating, while two analysts issued buy ratings, and two others advocated for a strong buy.

The collective target price set by these brokerages over the past year stands at C$7.75, indicating a favorable outlook for the company’s performance in the near future.

Market Perspectives:

Recent comments on Endeavour Silver highlight differing projections among equity analysts. For instance, Ventum Financial recently established a target price of C$9.00 alongside a "buy" rating on December 3rd. Conversely, TD Securities adjusted their price target down from C$7.50 to C$7.00, maintaining a "buy" recommendation on March 11th. Additionally, BMO Capital Markets reduced their forecast from C$8.50 to C$8.00 in a note released on February 12th. Raymond James also provided a new target of C$7.50, tagging the stock with an "outperform" rating in their latest analysis.

Endeavour Silver Stock Performance

Recently, Endeavour Silver shares (TSE:EDR) saw a decline, dropping 3.9% to close at C$6.67. The trading volume for the day stood at 668,711 shares, slightly below the average volume of 700,101. Currently, the company boasts a market capitalization of C$1.16 billion, and key financial metrics show a P/E ratio of -39.30, a P/E/G ratio of 0.76, and a beta of 1.92. Over the past year, shares have fluctuated between a low of C$2.85 and a high of C$7.87. The moving averages indicate a stability trend with a 50-day average of C$5.69 and a 200-day average of C$5.70. Furthermore, the company maintains a somewhat high debt-to-equity ratio of 20.65, along with current and quick ratios of 1.39 and 2.38 respectively.

Company Overview

Endeavour Silver Corp. is a Canadian mining enterprise focused on evaluating, acquiring, exploring, developing, and exploiting precious metal properties primarily located in Mexico and Chile. The company operates three active silver-gold mines in Mexico, including the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato, and the El Compas Mine in Zacatecas.

Considerations for Investment

As interest in Endeavour Silver grows alongside fresh analyst ratings, potential investors might wonder whether now is a good time to invest. While the current consensus is a buy, some leading market analysts suggest alternative stocks that may present better opportunities.

MarketBeat continues to track top Wall Street analysts and the stocks they recommend, identifying five that they consider to be better buys than Endeavour Silver. Potential investors would be wise to consider these alternatives before making decisions.

Investing can be complex, and it’s essential to conduct thorough research and consider the advice of financial experts.

Endeavour, Analysts, Stock