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

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

Analysts Set New Price Targets

A number of brokerages have commented on EDR. National Bankshares set a C$9.00 price target on Endeavour Silver and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. CIBC reduced their target price 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. Raymond James Financial set a C$7.50 target price on Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$7.96.

Endeavour Silver Stock Up 9.1%

The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The stock has a market capitalization of C$1.25 billion, a PE ratio of -42.54, a PEG ratio of 0.76 and a beta of 1.92. The company has a 50 day moving average price of C$5.75 and a 200-day moving average price of C$5.62.

Insiders Place Their Bets

In related 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 value of C$275,000.00. Insiders acquired 3,100 shares of company stock valued at $15,341 over the last 90 days. 0.17% of the stock is owned by corporate 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.