Endeavour Silver (TSE:EDR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.35 and traded as high as C$11.47. Endeavour Silver shares last traded at C$11.23, with a volume of 1,294,564 shares traded.

Analyst Upgrades and Downgrades

EDR has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Endeavour Silver from C$13.00 to C$15.00 in a research report on Friday, October 17th. National Bankshares raised their price objective on Endeavour Silver from C$16.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. CIBC lifted their target price on Endeavour Silver from C$12.00 to C$14.00 in a report on Friday, October 10th. Finally, Ventum Financial raised their price objective on Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$12.44.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The company has a fifty day moving average price of C$9.69 and a 200 day moving average price of C$7.35. The company has a market capitalization of C$3.26 billion, a P/E ratio of -41.59, a price-to-earnings-growth ratio of 0.76 and a beta of 2.17.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, Director Rex John Mclennan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total value of C$115,500.00. Following the completion of the sale, the director directly owned 34,800 shares in the company, valued at C$401,940. This represents a 22.32% decrease in their ownership of the stock. Also, Director Margaret Beck sold 26,100 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$7.64, for a total value of C$199,477.08. Over the last quarter, insiders have sold 54,600 shares of company stock valued at $456,369. 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.