Endeavour Silver (TSE:EDR) Reaches New 12-Month High - Time to Buy?

Key Points

• Endeavour Silver Corp. shares reached a new 52-week high of C$9.05 during trading, closing at C$8.96 with a trading volume of over 2.2 million shares.
• Analysts have given Endeavour Silver a consensus rating of "Buy", with one firm setting a price target of C$9.00 and several upgrading the stock to "strong-buy."
• In recent months, insiders sold a total of 104,814 shares of the company's stock, amounting to approximately C$826,854 in total value.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK reached a new 52-week high on Wednesday . The stock traded as high as C$9.05 and last traded at C$8.96, with a volume of 2204542 shares traded. The stock had previously closed at C$8.58.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EDR shares. National Bankshares set a C$9.00 price objective on Endeavour Silver and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$7.96.

Endeavour Silver Trading Down 2.4%

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 50 day moving average of C$7.62 and a 200 day moving average of C$6.31. The firm has a market cap of C$2.41 billion, a PE ratio of -30.74, a P/E/G ratio of 0.76 and a beta of 1.82.

Insider Activity at Endeavour Silver

In related 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, Senior Officer Gregory Arnold Blaylock sold 35,200 shares of the company'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. Over the last quarter, insiders have sold 104,814 shares of company stock worth $826,854. 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.