Endeavour Silver (TSE:EDR) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Endeavour Silver Corp.'s stock price recently surpassed its 200-day moving average, trading at C$6.86, which indicates potential bullish sentiment in the market.
• Equity analysts are generally optimistic about the stock, with a consensus rating of "Buy" and a price target averaging C$7.96.
• Insider trading activity was noted as several senior officers sold a combined total of over C$493,000 worth of shares in recent transactions.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.91 and traded as high as C$7.16. Endeavour Silver shares last traded at C$6.86, with a volume of 809,348 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on EDR. Ventum Cap Mkts raised 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 research 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. One analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$7.96.

Endeavour Silver Trading Up 0.4%

The stock has a market cap of C$1.29 billion, a price-to-earnings ratio of -43.90, a PEG ratio of 0.76 and a beta of 1.92. 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 business has a 50-day moving average of C$6.98 and a 200-day moving average of C$5.97.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, Director Amy Eileen Jacobsen sold 6,582 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of C$7.90, for a total value of C$51,997.80. Also, Senior Officer Luis Renato Castro sold 55,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of C$7.80, for a total value of C$429,000.00. Over the last 90 days, insiders sold 104,814 shares of company stock valued at $826,854. Insiders own 0.17% of the company's stock.

About Endeavour Silver

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.