Endeavour Silver (TSE:EDR) Reaches New 52-Week High - Time to Buy?

Key Points

• Endeavour Silver recently achieved a new 52-week high of C$12.61, closing at C$12.22 with a trading volume of nearly 2.8 million shares.
• Wall Street analysts have set a range of price targets for the stock, with estimates varying from C$12.15 to C$16.00, indicating strong potential for growth.
• Recent insider activity included sales by directors, with a significant decrease in positions, raising concerns about confidence in the company's future from insiders.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$12.61 and last traded at C$12.22, with a volume of 2790869 shares. The stock had previously closed at C$10.72.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Ventum Financial increased their price target on Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. National Bankshares upped their price objective on Endeavour Silver from C$10.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Finally, CIBC raised their target price on shares of Endeavour Silver from C$12.00 to C$14.00 in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$10.78.

Endeavour Silver Price Performance

The business has a fifty day moving average of C$9.08 and a 200 day moving average of C$7.05. The firm has a market cap of C$3.55 billion, a P/E ratio of -45.26, a PEG ratio of 0.76 and a beta of 2.17. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65.

Insider Buying and Selling

In related news, Director Rex John Mclennan sold 10,000 shares of the stock in a transaction 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 sale, the director owned 34,800 shares in the company, valued at approximately C$401,940. This represents a 22.32% decrease in their position. Also, Director Margaret Beck sold 26,100 shares of the firm's stock in a transaction 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. Insiders have sold a total of 54,600 shares of company stock worth $456,369 over the last three months. 0.17% of the stock is owned by insiders.

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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