Endeavour Silver (TSE:EDR) Shares Down 8% - Time to Sell?

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK was down 8% during trading on Tuesday . The company traded as low as C$6.57 and last traded at C$6.59. Approximately 738,635 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 906,550 shares. The stock had previously closed at C$7.16.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EDR shares. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. CIBC decreased their price objective on shares of Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. National Bankshares set a C$9.00 target price on shares of Endeavour Silver and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Raymond James Financial set a C$7.50 target price on shares of Endeavour Silver and gave the company an "outperform" rating in a report on Friday, March 21st. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. One 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 company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$7.96.

Endeavour Silver Stock 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 firm has a market capitalization of C$1.38 billion, a P/E ratio of -46.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The company's 50 day moving average is C$5.85 and its 200-day moving average is C$5.65.

Insider Buying and Selling at Endeavour Silver

In other news, Senior Officer Daniel Dickson sold 50,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of C$5.50, for a total value of C$275,000.00. Corporate 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.