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CIBC World Markets announced Endeavour Silver (TSE:EDR), dropping its stock price target to $5.00 today

In a report released on 1/11/2017 CIBC World Markets reduced the stock price target of Endeavour Silver (TSE:EDR) from $5.50 to $5.00 reporting a possible downside of -0.06%.

Previously on Thursday December 22, 2016, Raymond James reported on Endeavour Silver (TSE:EDR) reduced the target price from $6.75 to $4.75. At the time, this indicated a possible upside of 0.12%.

Just yesterday Endeavour Silver (TSE:EDR) traded -0.56% lower at $5.34. Endeavour Silver’s 50-day moving average is $4.96 and its 200-day moving average is $5.87. The last closing price is down -8.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 440,708 shares of EDR traded hands, down from an average trading volume of 582,281

Recent Performance Chart

Endeavour Silver (TSE:EDR)

Endeavour Silver has 52 week low of $1.46 and a 52 week high of $7.75 and has a market capitalization of $0.

In addition to CIBC World Markets reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $4.57 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 4 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Endeavour Silver (TSE:EDR)

Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and 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. Its producing mines include Guanacevi Mine, which is located over 260 kilometers northwest of the city of Durango, Mexico; Bolanitos Mine, which is located over 10 kilometers northwest of the city of Guanajuato, Mexico, and El Cubo Mine, which is located over 10 kilometers southeast of the city of Guanajuato. Its exploration projects include Guadalupe y Calvo, a silver-gold exploration project; Parral Mine, which is located over 210 kilometers south of the city of Chihuahua, Mexico; Terronera, which is located 40 kilometers northeast of Puerto Vallarta in the Jalisco, Mexico, and Lourdes, which is located over 40 kilometers northeast of the city of Guanajuato.

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