Endeavour Silver (TSE:EDR) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Endeavour Silver Corp. shares have recently crossed above their 200-day moving average, indicating a potential positive trend in stock performance.
• Analysts have varying ratings on the stock, with a consensus of "Buy" and a price target averaging C$7.96, suggesting optimism for future growth.
• Insider transactions reveal substantial sales, with insiders offloading over 104,000 shares in total, which could indicate lack of confidence among company leadership.

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.01 and traded as high as C$7.94. Endeavour Silver shares last traded at C$7.92, with a volume of 803,655 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on EDR. National Bankshares set a C$9.00 price target on shares of Endeavour Silver and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$7.96.

Endeavour Silver Price 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 company has a 50-day moving average price of C$7.13 and a 200-day moving average price of C$6.04. The firm has a market capitalization of C$1.33 billion, a PE ratio of -45.25, a P/E/G ratio of 0.76 and a beta of 1.92.

Insider Activity

In other news, Director Amy Eileen Jacobsen sold 6,582 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of C$7.90, for a total transaction of C$51,997.80. Also, Senior Officer Luis Renato Castro sold 55,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of C$7.80, for a total transaction of C$429,000.00. Insiders have sold 104,814 shares of company stock worth $826,854 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

About Endeavour Silver

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.