Endeavour Silver (TSE:EDR) Reaches New 12-Month High - Here's What Happened

Key Points

• Shares of Endeavour Silver Corp. hit a new 12-month high at C$11.49, reflecting a significant increase from the previous close of C$10.90, with a trading volume of 782,190 shares.
• Analysts have raised their price targets for Endeavour Silver, with National Bankshares increasing their target from C$10.00 to C$16.00 and three analysts rating the stock as a strong buy.
• Insider trading activity includes significant sales by director Margaret Beck and senior officer Gregory Arnold Blaylock, with a total of 149,414 shares sold in the last quarter.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK hit a new 52-week high on Wednesday . The company traded as high as C$11.52 and last traded at C$11.49, with a volume of 782190 shares changing hands. The stock had previously closed at C$10.90.

Wall Street Analyst Weigh In

EDR has been the subject of a number of recent research reports. National Bankshares lifted their price objective on Endeavour Silver from C$10.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Ventum Financial boosted their price target on Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. CIBC upped their target price on Endeavour Silver from C$10.00 to C$12.00 in a research report on Thursday, September 25th. Finally, National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$10.44.

Endeavour Silver Stock Performance

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 firm has a 50-day simple moving average of C$8.36 and a two-hundred day simple moving average of C$6.75. The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of -41.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82.

Insider Buying and Selling

In other Endeavour Silver news, Director Margaret Beck sold 26,100 shares of the firm'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. Also, Senior Officer Gregory Arnold Blaylock sold 35,200 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$8.00, for a total value of C$281,600.00. In the last quarter, insiders sold 149,414 shares of company stock worth $1,167,723. Insiders own 0.17% of the company's stock.

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.

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