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

Key Points

• Endeavour Silver reached a new 52-week high of C$9.25, reflecting significant trading activity with over 1.13 million shares exchanged.
• Analysts have upgraded Endeavour Silver to a "strong-buy" rating, with a consensus price target of C$7.96, indicating positive optimism about the stock.
• Insider selling has occurred recently, with a total of 149,414 shares sold by company insiders, amounting to approximately $1.17 million in transactions over the last ninety days.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price reached a new 52-week high on Friday . The company traded as high as C$9.25 and last traded at C$9.24, with a volume of 1135911 shares. The stock had previously closed at C$8.54.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares set a C$9.00 target price on Endeavour Silver and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$7.96.

Endeavour Silver Price Performance

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 market cap of C$3.14 billion, a PE ratio of -40.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82. The stock has a 50 day moving average price of C$7.99 and a two-hundred day moving average price of C$6.57.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, 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 transaction of C$281,600.00. Also, Senior Officer Luis Renato Castro sold 55,000 shares of Endeavour Silver stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of C$7.80, for a total transaction of C$429,000.00. Over the last 90 days, insiders have sold 149,414 shares of company stock worth $1,167,723. 0.17% of the stock is owned by company 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.