Trade Report: The FY2016 Earnings Forecast for Endeavour Silver Corp Issued By National Bank Financial (EDR)

The FY2016 Earnings Forecast for Endeavour Silver Corp Issued By National Bank Financial (EDR)

Endeavour Silver Corp (TSE:EDR) – Stock analysts at National Bank Financial reduced their FY2016 earnings per share estimates for Endeavour Silver Corp in a research report issued on Wednesday. National Bank Financial analyst G. Doyle now anticipates that the brokerage will post earnings per share of $0.08 for the year, down from their previous estimate of $0.10. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. National Bank Financial also issued estimates for Endeavour Silver Corp’s FY2017 earnings at $0.19 EPS.

Several other equities analysts have also weighed in on the stock. CIBC raised their price objective on shares of Endeavour Silver Corp from C$5.50 to C$6.00 and gave the company an “underperform” rating in a research report on Tuesday, October 4th. Raymond James Financial Inc. raised their price objective on shares of Endeavour Silver Corp from C$3.25 to C$4.25 and gave the company a “market perform” rating in a research report on Monday, June 27th. Royal Bank Of Canada restated a “sector perform” rating and set a C$7.75 price objective on shares of Endeavour Silver Corp in a research report on Thursday, September 8th. Finally, TD Securities raised their price objective on shares of Endeavour Silver Corp from C$5.50 to C$6.50 and gave the company a “hold” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Endeavour Silver Corp presently has an average rating of “Hold” and a consensus target price of C$6.04.

Endeavour Silver Corp (TSE:EDR) traded down 2.73% during midday trading on Friday, hitting $5.34. 372,168 shares of the stock traded hands. The company has a 50-day moving average price of $6.39 and a 200-day moving average price of $5.43. Endeavour Silver Corp has a 1-year low of $1.46 and a 1-year high of $7.75. The firm’s market cap is $670.93 million.

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