H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Endeavour Silver Corp (NYSE: EXK) today and set a price target of $6. The company’s shares closed yesterday at $3.13, close to its 52-week high of $3.35.
Ihle noted:
“Valuation for Guanaceví 182,169 $ HCW estimate Valuation for Bolañitos 169,807 $ HCW estimate Valuation for El Cubo 131,296 $ HCW estimate Valuation for El Compas 18,144 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 6.4% and a 43.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on Endeavour Silver Corp is a Moderate Buy with an average price target of $5.38.
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Endeavour Silver Corp’s market cap is currently $399M and has a P/E ratio of 62.73. The company has a Price to Book ratio of 2.67.
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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.
