Endeavour Silver (TSE:EDR) Shares Down 4.2% - Should You Sell?

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shares dropped 4.2% during trading on Friday . The company traded as low as C$6.42 and last traded at C$6.42. Approximately 289,987 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 908,391 shares. The stock had previously closed at C$6.70.

Analyst Ratings Changes

Several brokerages have issued reports on EDR. Raymond James Financial set a C$7.50 price objective on shares of Endeavour Silver and gave the stock an "outperform" rating in a research report on Friday, March 21st. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. CIBC dropped their price target on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a report on Thursday, April 3rd. TD Securities reduced their price target 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. Finally, National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver has an average rating of "Buy" and an average target price of C$7.75.

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 company's fifty day moving average price is C$5.37 and its 200 day moving average price is C$5.54. The company has a market capitalization of C$1.12 billion, a P/E ratio of -37.95, a PEG ratio of 0.76 and a beta of 1.92.

Insider Buying and Selling

In other Endeavour Silver news, Senior Officer Daniel Dickson sold 50,000 shares of the company's 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 bought 5,600 shares of Endeavour Silver stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of C$5.28 per share, for a total transaction of C$29,564.64. Over the last quarter, insiders have purchased 8,700 shares of company stock worth $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.