Endeavour Silver Corp (EDR) Shares Down 1.9% on Analyst Downgrade

Endeavour Silver Corp (TSE:EDR) (NYSE:EXK) shares traded down 1.9% on Friday after National Bank Financial lowered their price target on the stock from C$4.00 to C$3.50. National Bank Financial currently has a sector perform rating on the stock. Endeavour Silver Corp traded as low as C$2.87 and last traded at C$2.64. 176,912 shares changed hands during trading, an increase of Infinity from the average session volume of 0 shares. The stock had previously closed at C$2.59.

EDR has been the topic of a number of other reports. BMO Capital Markets restated a “market perform” rating and issued a C$3.50 price target on shares of Endeavour Silver Corp in a research report on Wednesday, October 11th. CIBC cut their price objective on shares of Endeavour Silver Corp from C$4.50 to C$3.75 in a research report on Friday. HC Wainwright reiterated a “buy” rating on shares of Endeavour Silver Corp in a research report on Wednesday, October 11th. Canaccord Genuity reiterated a “hold” rating and issued a C$3.00 price objective on shares of Endeavour Silver Corp in a research report on Thursday, September 7th. Finally, TD Securities cut their price objective on shares of Endeavour Silver Corp from C$4.50 to C$4.25 and set a “hold” rating on the stock in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Endeavour Silver Corp presently has a consensus rating of “Hold” and a consensus price target of C$4.00.

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About Endeavour Silver Corp

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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