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

Key Points

• Shares of Endeavour Silver fell below its 200‑day moving average (C$13.44), trading as low as C$13.00 and last at C$13.34 on volume of 786,704 shares.
• Analysts maintain a consensus Strong Buy rating with a consensus price target of C$17.63, and several firms have raised individual targets as high as C$21.
• Fundamentals are mixed: the company reports negative profitability (ROE -23.02%, net margin -25.75%, negative P/E) and an insider sold 100,000 shares at C$18.99, cutting their stake by about 27%.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.44 and traded as low as C$13.00. Endeavour Silver shares last traded at C$13.34, with a volume of 786,704 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Canadian Imperial Bank of Commerce boosted their price target on Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. National Bank Financial cut their price objective on Endeavour Silver from C$21.00 to C$20.00 and set an "outperform" rating for the company in a report on Friday, January 9th. Finally, TD Securities upped their price objective on Endeavour Silver from C$14.00 to C$21.00 in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus price target of C$17.63.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 42.12, a current ratio of 1.53 and a quick ratio of 2.38. The firm has a market cap of C$3.95 billion, a price-to-earnings ratio of -31.76, a price-to-earnings-growth ratio of 0.76 and a beta of 3.16. The company has a fifty day moving average price of C$15.23 and a two-hundred day moving average price of C$13.44.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last announced its quarterly earnings data on Friday, February 27th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$231.01 million during the quarter. Endeavour Silver had a negative return on equity of 23.02% and a negative net margin of 25.75%. As a group, equities research analysts expect that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

Insider Buying and Selling at Endeavour Silver

In other news, insider Daniel Dickson sold 100,000 shares of the company's stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$18.99, for a total transaction of C$1,899,000.00. Following the completion of the sale, the insider directly owned 270,624 shares of the company's stock, valued at C$5,139,149.76. This represents a 26.98% decrease in their ownership of the stock. 0.17% of the stock is currently owned by company 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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.

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