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 $3. The company’s shares closed yesterday at $1.95, close to its 52-week low of $1.76.
Ihle wrote:
“Valuation for Guanaceví 102,977 $ HCW estimate Valuation for Bolañitos 89,722 $ HCW estimate Valuation for El Cubo 15,531 $ HCW estimate Valuation for El Compas 6,119 $ HCW estimate Valuation for Terronera 50,000 $ HCW estimate.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.0% and a 19.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, 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 $2.75, a 41.0% upside from current levels. In a report issued on January 14, Noble Financial also assigned a Buy rating to the stock.
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The company has a one-year high of $3.35 and a one-year low of $1.76. Currently, Endeavour Silver Corp has an average volume of 845.4K.
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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.
