Endeavour Silver (TSE:EDR) Reaches New 52-Week High – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$20.65 and last traded at C$20.27, with a volume of 623406 shares traded. The stock had previously closed at C$19.33.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Securities boosted their target price on Endeavour Silver from C$14.00 to C$21.00 in a report on Thursday, January 22nd. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BMO Capital Markets raised their target price on shares of Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. Finally, CIBC upped their price target on shares of Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$15.94.

Endeavour Silver Price Performance

The business’s 50 day moving average price is C$13.91 and its 200-day moving average price is C$10.99. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The company has a market cap of C$5.52 billion, a PE ratio of -56.91, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings results on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. The firm had revenue of C$198.88 million for the quarter. As a group, analysts forecast that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Endeavour Silver Company Profile

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.