Endeavour Silver (TSE:EDR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.49 and traded as high as C$18.82. Endeavour Silver shares last traded at C$17.98, with a volume of 2,356,518 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on EDR. National Bank Financial reduced their price objective 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. Canadian Imperial Bank of Commerce lifted their price target on Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. Finally, TD Securities upped their price target on shares of Endeavour Silver from C$14.00 to C$21.00 in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Endeavour Silver has a consensus rating of “Strong Buy” and an average target price of C$15.94.

Endeavour Silver Trading Up 4.3%

The company has a market cap of C$4.99 billion, a P/E ratio of -51.36, a P/E/G ratio of 0.76 and a beta of 2.78. The company has a quick ratio of 2.38, a current ratio of 1.53 and a debt-to-equity ratio of 42.12. The business has a 50-day moving average price of C$16.02 and a two-hundred day moving average price of C$12.58.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Friday, February 27th. The company reported C$0.03 earnings per share (EPS) for the quarter. Endeavour Silver had a negative return on equity of 23.02% and a negative net margin of 25.75%.The business had revenue of C$231.01 million for the quarter. On average, analysts predict that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

Insider Activity at Endeavour Silver

In related news, insider Daniel Dickson sold 100,000 shares of Endeavour Silver stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$18.99, for a total transaction of C$1,899,000.00. Following the completion of the sale, the insider directly owned 270,624 shares of the company’s stock, valued at C$5,139,149.76. The trade was a 26.98% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company insiders.

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.