BMO Capital Reiterates a Hold Rating on Endeavour Silver

By Ryan Adsit

Endeavour Silver (TSX: EDR), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from BMO Capital’s analyst David Gagliano, with a C$4 price target.

According to, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

Endeavour Silver has an analyst consensus of Moderate Buy, with a price target consensus of C$5.37.

Based on Endeavour Silver’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$48.23 million and quarterly net profit of C$7.99 million. In comparison, last year the company earned revenue of C$57.07 million and had a net profit of C$2.51 million.

Endeavour Silver Corp. is a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company projects include Terronera property in Jalisco, El Compas property and La Plata plant in Zacatecas, and Parral properties in Chihuahua.

The company’s shares closed on Wednesday at $4.18, close to its 52-week high of $7.75.