Endeavour Silver Corp Gets a Buy Rating from Noble Financial

By Carrie Williams

Noble Financial analyst Mark Reichman maintained a Buy rating on Endeavour Silver Corp (NYSE: EXK) yesterday and set a price target of $4.75. The company’s shares closed yesterday at $2.97.

According to TipRanks.com, Reichman is a 1-star analyst with an average return of -8.0% and a 10.0% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Great Panther Silver, Avino Silver & Gold, and Pershing Gold Corp.

Currently, the analyst consensus on Endeavour Silver Corp is a Moderate Buy with an average price target of $5.38, which is an 81.1% upside from current levels. In a report issued on June 28, H.C. Wainwright also reiterated a Buy rating on the stock with a $6 price target.

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Endeavour Silver Corp’s market cap is currently $378.6M and has a P/E ratio of 59.52. The company has a Price to Book ratio of 2.54.

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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.