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

Key Points

• Endeavour Silver Corp. shares have crossed above their 200-day moving average price of C$6.72, with a recent trading high of C$11.27.
• Several analysts have raised their price targets for Endeavour Silver, with National Bankshares increasing theirs from C$10.00 to C$16.00, indicating an "outperform" rating.
• Insider selling has occurred, with directors selling over 149,000 shares totaling approximately C$1.17 million in the last three months, despite insiders holding only 0.17% of the company’s stock.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.72 and traded as high as C$11.27. Endeavour Silver shares last traded at C$11.03, with a volume of 1,916,151 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on EDR shares. National Bankshares boosted their price objective on shares of Endeavour Silver from C$10.00 to C$16.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Ventum Financial boosted their price objective on shares of Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, CIBC boosted their price objective on shares of Endeavour Silver from C$10.00 to C$12.00 in a research report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$10.44.

Endeavour Silver Stock Performance

The stock's 50-day moving average price is C$8.30 and its 200 day moving average price is C$6.72. 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$3.20 billion, a P/E ratio of -40.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82.

Insider Buying and Selling at Endeavour Silver

In other Endeavour Silver news, Director Amy Eileen Jacobsen sold 6,582 shares of the company'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 dated Tuesday, July 15th. The stock was sold at an average price of C$7.80, for a total transaction of C$429,000.00. In the last three months, insiders sold 149,414 shares of company stock worth $1,167,723. Company 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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