Could Endeavour Silver Corp Change Direction After Today’s Huge Increase?

 Could Endeavour Silver Corp Change Direction After Today's Huge Increase?

The stock of Endeavour Silver Corp (TSE:EDR) is a huge mover today! About 78,770 shares traded hands. Endeavour Silver Corp (TSE:EDR) has risen 34.40% since April 14, 2016 and is uptrending. It has outperformed by 29.97% the S&P500.
The move comes after 8 months positive chart setup for the $625.74 million company. It was reported on Nov, 18 by Barchart.com. We have $7.68 PT which if reached, will make TSE:EDR worth $325.38 million more.

Endeavour Silver Corp (TSE:EDR) Ratings Coverage

Out of 3 analysts covering Endeavour Silver Corp. (TSE:EDR), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $6.75 is the highest target while $1.45 is the lowest. The $4.91 average target is -2.77% below today’s ($5.05) stock price. Endeavour Silver Corp. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Ringler Research given on Thursday, October 29. The stock of Endeavour Silver Corp (TSE:EDR) earned “Hold” rating by Canaccord Genuity on Tuesday, October 25. TD Securities maintained the stock with “Hold” rating in Friday, November 4 report. TD Securities downgraded Endeavour Silver Corp (TSE:EDR) rating on Tuesday, July 21. TD Securities has “Reduce” rating and $1.7 price target. IBC downgraded the shares of EDR in a report on Tuesday, February 23 to “Sector Underperformer” rating.

More news for Endeavour Silver Corp (TSE:EDR) were recently published by: Reuters.com, which released: “BRIEF-Endeavour Silver Corp reports Q3 silver and gold production” on October 11, 2016. Streetinsider.com‘s article titled: “Form 6-K ENDEAVOUR SILVER CORP For: Oct 24” and published on October 24, 2016 is yet another important article.

Endeavour Silver Corp. is a mineral firm engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile. The company has a market cap of $625.74 million. The Company’s operating mining divisions include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate divisions. It currently has negative earnings. The Company’s 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.

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