Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

What's Going On With Endeavour Silver Shares Today

Published 12/05/2022, 20:52
Updated 12/05/2022, 21:41
© Reuters.  What's Going On With Endeavour Silver Shares Today
SI
-
EDR
-

  • Endeavour Silver Corp (TSX: EDR) (NYSE: EXK) price target has been lowered to C$5.25 from C$6 by BMO Capital analyst Ryan Thompson. The analyst has a Market Perform rating on the shares.
  • Related: Why Endeavour Silver Shares Are Surging Today
  • Thompson mentions that the cash costs for the quarter were slightly above guidance due to increased labour, power, and consumables costs; however, annual production guidance was reiterated.
  • In Q2, the company is focused on securing debt financing for Terronera and closing the Pitarrilla transaction, noted the analyst.
  • Thompson believes, Endeavour has a strong organic growth profile with the potential development of Terronera and Parral. He sees some risk to future growth being offset by shorter reserve lives at current operating assets.
  • Price Action: EXK shares are trading lower by 6.57% at $3.13 on NYSE and EDR lower by 6.67% at C$4.06 on TSX on the last check Thursday.
Latest Ratings for EXK DateFirmActionFromTo
Mar 2022HC Wainwright & Co.MaintainsBuy
Nov 2021HC Wainwright & Co.MaintainsBuy
Oct 2021HC Wainwright & Co.MaintainsBuy
View More Analyst Ratings for EXK

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.