Endeavour Silver (TSE:EDR) Sets New 52-Week High – Here’s Why

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares hit a new 52-week high on Monday . The stock traded as high as C$16.79 and last traded at C$16.48, with a volume of 237213 shares trading hands. The stock had previously closed at C$16.26.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EDR. Natl Bk Canada raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, December 8th. CIBC upped their price target on shares of Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BMO Capital Markets lifted their price objective on Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. Finally, Ventum Financial upped their target price on Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Five equities research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$13.61.

Endeavour Silver Stock Performance

The business’s 50-day simple moving average is C$12.75 and its two-hundred day simple moving average is C$10.40. 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 firm has a market cap of C$4.85 billion, a price-to-earnings ratio of -50.00, a P/E/G ratio of 0.76 and a beta of 2.51.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced 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 business had revenue of C$198.88 million during the quarter. As a group, sell-side analysts expect that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

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.