In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Endeavour Silver Corp (NYSE: EXK), with a price target of $6. The company’s shares opened today at $2.28.
Ihle said:
“Valuation for Guanaceví 181,352 $ HCW estimate Valuation for Bolañitos 177,444 $ HCW estimate Valuation for El Cubo 136,988 $ HCW estimate Valuation for El Compas 14,646 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.2% and a 35.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Americas Silver Corporation, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Endeavour Silver Corp is a Moderate Buy with an average price target of $5.25.
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Based on Endeavour Silver Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.65 million. In comparison, last year the company had a GAAP net loss of $16K.
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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.
