Endeavour Silver (TSE:EDR) Shares Down 4.2% - What's Next?

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK was down 4.2% during trading on Friday . The stock traded as low as C$6.42 and last traded at C$6.42. Approximately 289,987 shares changed hands 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.

Wall Street Analysts Forecast Growth

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

Endeavour Silver Stock Up 1.7%

The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The firm's 50-day simple moving average is C$5.39 and its 200 day simple moving average is C$5.54. The company has a market capitalization of C$1.14 billion, a PE ratio of -38.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92.

Insiders Place Their Bets

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