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

Key Points

• Technical breakout: Endeavour Silver shares crossed above their 200‑day moving average (C$12.83), trading as high as C$16.21 and last at C$15.70 on volume of 1,062,102, signaling bullish momentum.
• Analyst sentiment improved: CIBC and TD raised price targets (to C$20 and C$21), MarketBeat shows an average rating of Strong Buy and a consensus price target of C$15.94.
• Notable insider sale: Director Daniel Dickson sold 100,000 shares at C$18.99 (reducing his holding by 26.98%), while corporate insiders own just 0.17% of the company.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.83 and traded as high as C$16.21. Endeavour Silver shares last traded at C$15.70, with a volume of 1,062,102 shares traded.

Wall Street Analysts Forecast Growth

EDR has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce increased their price target on shares of Endeavour Silver from C$18.00 to C$20.00 in a research note on Tuesday, January 13th. National Bank Financial lowered their price objective on shares of Endeavour Silver from C$21.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Friday, January 9th. Finally, TD Securities lifted their price target on Endeavour Silver from C$14.00 to C$21.00 in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of "Strong Buy" and a consensus price target of C$15.94.

Endeavour Silver Stock Up 2.6%

The stock has a fifty day moving average price of C$16.19 and a two-hundred day moving average price of C$12.83. The company has a market cap of C$4.62 billion, a price-to-earnings ratio of -37.38, a P/E/G ratio of 0.76 and a beta of 2.71. The company has a quick ratio of 2.38, a current ratio of 1.53 and a debt-to-equity ratio of 42.12.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last issued 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 net margin of 25.75% and a negative return on equity of 23.02%. As a group, sell-side analysts expect that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

Insider Activity at Endeavour Silver

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

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