In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Endeavour Silver Corp (EXK), with a price target of $4.25. The company’s shares opened today at $2.06.
Ihle noted:
“Valuation for Guanaceví 77,472 $ HCW estimate Valuation for Bolañitos 173,403 $ HCW estimate Valuation for El Cubo 64,178 $ HCW estimate Valuation for El Compas 13,351 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”
According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -18.2% and a 16.5% 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 $3.38, a 64.1% upside from current levels. In a report issued on December 11, Roth Capital also initiated coverage with a Buy rating on the stock with a $2.50 price target.
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Based on Endeavour Silver Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $5.45 million. In comparison, last year the company had a net profit of $996K.
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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.