Endeavour Silver (TSE:EDR) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

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's stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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

A number of equities research analysts recently commented on the stock. National Bankshares set a C$9.00 price target on shares of Endeavour Silver and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Finally, National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Endeavour Silver has a consensus rating of "Buy" and an average price target of C$7.96.

Endeavour Silver Price Performance

The business's fifty day simple moving average is C$6.75 and its 200-day simple moving average is C$5.91. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The firm has a market cap of C$1.19 billion, a P/E ratio of -40.42, a PEG ratio of 0.76 and a beta of 1.92.

Insider Buying and Selling at Endeavour Silver

In other Endeavour Silver news, Senior Officer Gregory Arnold Blaylock sold 8,032 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$8.00, for a total transaction of C$64,256.00. Also, Senior Officer Luis Renato Castro sold 55,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of C$7.80, for a total transaction of C$429,000.00. Insiders have sold 104,814 shares of company stock valued at $826,854 in the last 90 days. 0.17% of the stock is currently 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.

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