Endeavour Silver (TSE:EDR) Shares Pass Above 200 Day Moving Average - What's Next?

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.51 and traded as high as C$6.98. Endeavour Silver shares last traded at C$6.80, with a volume of 2,098,317 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. CIBC lowered their price objective on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Securities lowered their price objective on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Thursday. Finally, Raymond James set a C$7.50 price target on Endeavour Silver and gave the company an "outperform" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$7.75.

Endeavour Silver Stock Up 0.3%

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 company has a market capitalization of C$1.14 billion, a PE ratio of -38.60, a P/E/G ratio of 0.76 and a beta of 1.92. The stock has a 50-day moving average of C$5.24 and a 200 day moving average of C$5.51.

Insider Buying and Selling at Endeavour Silver

In other Endeavour Silver news, Senior Officer Daniel Dickson sold 50,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$5.50, for a total transaction of C$275,000.00. Also, Director Angela Dorothy Johnson acquired 5,600 shares of Endeavour Silver stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of C$5.28 per share, with a total value of C$29,564.64. Over the last ninety days, insiders bought 8,700 shares of company stock valued at $44,906. Company 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.