Analysts Set Endeavour Silver Corp. (TSE:EDR) Target Price at C$7.96

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 received an average rating of "Buy" from the six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$7.96.

A number of equities analysts have weighed in on EDR shares. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, National Bankshares set a C$9.00 target price on shares of Endeavour Silver and gave the stock an "outperform" rating in a research note on Tuesday, June 24th.

Insider Buying and Selling at Endeavour Silver

In other news, Senior Officer Luis Renato Castro sold 55,000 shares of Endeavour Silver stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of C$7.80, for a total transaction of C$429,000.00. Also, Director Margaret Beck sold 18,500 shares of Endeavour Silver 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 transaction of C$141,391.80. Insiders have sold 149,414 shares of company stock worth $1,167,723 in the last 90 days. Corporate insiders own 0.17% of the company's stock.

Endeavour Silver Price Performance

Shares of TSE EDR traded up C$0.41 during trading on Friday, reaching C$8.98. The company had a trading volume of 2,564,164 shares, compared to its average volume of 982,713. Endeavour Silver has a 52 week low of C$4.21 and a 52 week high of C$9.25. The stock has a market cap of C$2.61 billion, a PE ratio of -33.26, a PEG ratio of 0.76 and a beta of 1.82. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The business's 50 day moving average price is C$7.88 and its 200-day moving average price is C$6.47.

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.