Endeavour Silver (TSE:EDR) Shares Cross Above 200 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 Tuesday . The stock has a 200-day moving average of C$5.52 and traded as high as C$5.87. Endeavour Silver shares last traded at C$5.84, with a volume of 1,235,070 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on EDR shares. TD Securities increased their price objective on shares of Endeavour Silver from C$7.00 to C$7.50 in a research report on Friday, October 18th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Ventum Financial set a C$9.00 price objective on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$7.63.

Endeavour Silver Price Performance

The company has a quick ratio of 2.38, a current ratio of 2.02 and a debt-to-equity ratio of 14.58. The stock has a fifty day moving average of C$5.47 and a two-hundred day moving average of C$5.52. The stock has a market cap of C$1.44 billion, a price-to-earnings ratio of -73.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.01 EPS for the quarter. Endeavour Silver had a negative return on equity of 3.85% and a negative net margin of 6.53%. During the same period in the prior year, the business posted ($0.05) EPS. On average, equities research analysts anticipate that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Rex John Mclennan sold 34,800 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of C$6.50, for a total value of C$226,200.00. Also, Senior Officer Donald Paul Gray sold 60,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$6.62, for a total value of C$396,990.00. Company insiders own 0.17% of the company’s stock.

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.