Endeavour Silver (TSE:EDR) Hits New 52-Week High - What's Next?

Key Points

• Endeavour Silver Corp. shares reached a new 52-week high of C$8.36, with analysts rating the stock positively, including three strong buy recommendations.
• The company has a market capitalization of C$1.41 billion and a P/E ratio of -47.97, indicating potential investor interest despite its negative earnings.
• Recent insider trading saw the sale of 104,814 shares by company insiders, totaling approximately C$429,000, indicating mixed sentiment from within the company.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$8.36 and last traded at C$8.26, with a volume of 124881 shares changing hands. The stock had previously closed at C$8.18.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, National Bankshares set a C$9.00 target price on Endeavour Silver and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Three research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$7.96.

Endeavour Silver Stock Performance

The firm has a market capitalization of C$2.57 billion, a P/E ratio of -32.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.84. The stock has a 50-day moving average of C$7.45 and a 200 day moving average of C$6.23. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

Insider Buying and Selling

In related news, Director Amy Eileen Jacobsen sold 6,582 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of C$7.90, for a total transaction of C$51,997.80. Also, Senior Officer Gregory Arnold Blaylock sold 8,032 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of C$8.00, for a total value of C$64,256.00. Insiders have sold a total of 104,814 shares of company stock worth $826,854 in the last three months. 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.