Endeavour Silver (TSE:EDR) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Endeavour Silver shares briefly crossed below their 200‑day moving average (C$13.57), trading as low as C$13.37 and last at C$13.56 on a volume of ~952,824 shares, while the 50‑day MA sits at C$14.77.
• Analysts remain broadly bullish with a consensus rating of Strong Buy and a consensus target of C$17.63; recent price targets were raised to C$20–C$21 by TD Securities and CIBC.
• Company fundamentals show a C$4.01 billion market cap with a negative net margin (‑25.75%) and ROE (‑23.02%), and insider Daniel Dickson sold 100,000 shares at C$18.99, cutting his stake by ~27%.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.57 and traded as low as C$13.37. Endeavour Silver shares last traded at C$13.56, with a volume of 952,824 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EDR shares. TD Securities increased their price objective on shares of Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. National Bank Financial dropped their price objective on shares of Endeavour Silver from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research note on Friday, January 9th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Endeavour Silver from C$18.00 to C$20.00 in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Strong Buy" and a consensus target price of C$17.63.

Endeavour Silver Stock Down 1.3%

The firm has a market cap of C$4.01 billion, a price-to-earnings ratio of -32.29, a PEG ratio of 0.76 and a beta of 3.16. The company has a debt-to-equity ratio of 42.12, a quick ratio of 2.38 and a current ratio of 1.53. The business's 50-day moving average is C$14.77 and its 200-day moving average is C$13.57.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last announced its earnings results on Friday, February 27th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$231.01 million during the quarter. Endeavour Silver had a negative net margin of 25.75% and a negative return on equity of 23.02%. On average, equities analysts predict that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

Insider Activity

In related news, insider Daniel Dickson sold 100,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$18.99, for a total transaction of C$1,899,000.00. Following the completion of the sale, the insider owned 270,624 shares in the company, valued at C$5,139,149.76. This trade represents a 26.98% decrease in their position. 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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.

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