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Endeavour Silver (TSE:EDR) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Endeavour Silver logo with Basic Materials background

Key Points

  • Endeavour Silver shares (TSE:EDR) have surged above the two hundred day moving average, with recent trading prices reaching C$8.50, significantly above the average of C$6.38.
  • Analyst ratings show a positive outlook for Endeavour Silver, with three analysts issuing a Strong Buy rating and an average price target of C$7.96.
  • Insider trading activity includes the sale of 149,414 shares over the past ninety days, with notable sales by senior officers totaling over C$1.5 million.
  • Five stocks we like better than Endeavour Silver.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.38 and traded as high as C$8.50. Endeavour Silver shares last traded at C$8.48, with a volume of 1,213,858 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. National Bankshares set a C$9.00 price target on Endeavour Silver and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$7.96.

Read Our Latest Stock Report on EDR

Endeavour Silver Stock Performance

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 firm has a market cap of C$2.46 billion, a price-to-earnings ratio of -31.41, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82. The company has a fifty day moving average price of C$7.74 and a two-hundred day moving average price of C$6.38.

Insider Buying and Selling

In other news, Senior Officer Luis Renato Castro sold 55,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of C$7.80, for a total transaction of C$429,000.00. Also, Senior Officer Gregory Arnold Blaylock sold 8,032 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$8.00, for a total value of C$64,256.00. Insiders sold 149,414 shares of company stock valued at $1,167,723 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Endeavour Silver Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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