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Endeavour Silver Downgraded to Neutral at CIBC

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Endeavour Silver Corp. (EDR.TO, EXK) was downgraded to neutral from outperformer at CIBC Capital Markets.

Analyst Cosmos Chiu lowered his price target on shares of the precious metals mining company to CA$20 from CA$25.

On Tuesday, Endeavour reported a mechanical issue at its Guanacevi mine, the second interruption of operations in Q3 following a blockade at its Terronera site in Mexico.

"Individually, these events are unlikely to have a material impact on production; however, collectively, we believe they could affect the company's ability to meet full-year guidance," Chiu said in a note to clients.

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