Endeavour Silver (TSE:EDR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.77 and traded as high as C$16.04. Endeavour Silver shares last traded at C$16.01, with a volume of 1,455,115 shares trading hands.

Analyst Upgrades and Downgrades

EDR has been the topic of several recent research reports. Canadian Imperial Bank of Commerce raised their price target on Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. National Bank Financial cut their target price on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Finally, TD Securities raised their target price on Endeavour Silver from C$14.00 to C$21.00 in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of C$15.94.

Endeavour Silver Trading Down 4.2%

The business has a 50 day simple moving average of C$15.00 and a 200-day simple moving average of C$11.83. The stock has a market capitalization of C$4.51 billion, a price-to-earnings ratio of -46.48, a PEG ratio of 0.76 and a beta of 2.78. The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38.

About Endeavour Silver

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.