Endeavour Silver Corp. (TSE:EDR) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Endeavour Silver Corp. has received an average recommendation of "Buy" from analysts, with six brokerages covering the company, reflecting positive sentiment regarding its future performance.
• The company's shares recently reached a price of C$8.48, up 3.9%, and have a 12-month target price set by analysts at C$7.96.
• Insider transactions have been notable, with a total of 149,414 shares sold by insiders in the last 90 days, potentially indicating confidence in the stock's performance.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK has earned a consensus rating of "Buy" from the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$7.96.

Several research analysts have commented on the company. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. National Bankshares set a C$9.00 target price on Endeavour Silver and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Finally, National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th.

Insider Transactions at Endeavour Silver

In other news, Senior Officer Luis Renato Castro sold 55,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of C$7.80, for a total value of C$429,000.00. Also, Director Margaret Beck sold 26,100 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of C$7.64, for a total value of C$199,477.08. Over the last ninety days, insiders sold 149,414 shares of company stock worth $1,167,723. 0.17% of the stock is owned by corporate insiders.

Endeavour Silver Price Performance

TSE EDR traded up C$0.41 during trading on Friday, hitting C$8.91. 1,506,918 shares of the company's stock were exchanged, compared to its average volume of 969,021. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The company has a market cap of C$2.59 billion, a PE ratio of -33.00, a P/E/G ratio of 0.76 and a beta of 1.82. Endeavour Silver has a fifty-two week low of C$4.21 and a fifty-two week high of C$9.25. The stock's 50 day moving average price is C$7.77 and its two-hundred day moving average price is C$6.42.

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.