Endeavour Silver (TSE:EDR) Stock Crosses Above 200-Day Moving Average - Here's Why

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.62 and traded as high as C$7.17. Endeavour Silver shares last traded at C$7.16, with a volume of 855,298 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on EDR. National Bankshares set a C$9.00 price target on shares of Endeavour Silver and gave the stock an "outperform" rating in a report on Tuesday, June 24th. TD Securities cut their price target on shares of Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. CIBC cut their price target on shares of Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$7.96.

Endeavour Silver Stock Up 4.8%

The company's 50 day moving average price is C$5.72 and its 200 day moving average price is C$5.62. 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$1.24 billion, a price-to-earnings ratio of -42.19, a P/E/G ratio of 0.76 and a beta of 1.92.

Insider Activity at Endeavour Silver

In other news, Senior Officer Daniel Dickson sold 50,000 shares of Endeavour Silver stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$5.50, for a total transaction of C$275,000.00. Insiders have acquired 3,100 shares of company stock worth $15,341 in the last three months. Insiders own 0.17% of the company's stock.

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.

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