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

Key Points

• Endeavour Silver Corp. (TSE:EDR) surpassed its 200-day moving average of C$6.53, trading at a high of C$9.33 with significant trading volume of 6,733,289 shares.
• Several analysts have upgraded the stock's rating to "strong-buy", with an average target price of C$7.96 from various investment firms.
• Insider trading activity includes sales of 149,414 shares worth over $1.1 million in the last quarter, indicating some insider profit-taking amidst rising stock prices.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.53 and traded as high as C$9.33. Endeavour Silver shares last traded at C$9.33, with a volume of 6,733,289 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on EDR shares. National Bankshares set a C$9.00 target price on Endeavour Silver and gave the company an "outperform" rating in a report on Tuesday, June 24th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver currently has an average rating of "Buy" and an average price target of C$7.96.

Endeavour Silver Stock 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 stock has a market cap of C$3.25 billion, a price-to-earnings ratio of -41.48, a P/E/G ratio of 0.76 and a beta of 1.82. The stock's 50-day moving average is C$7.99 and its 200 day moving average is C$6.57.

Insider Buying and Selling at Endeavour Silver

In other news, Senior Officer Gregory Arnold Blaylock sold 35,200 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$8.00, for a total transaction of C$281,600.00. Also, Director Margaret Beck sold 26,100 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$199,477.08. In the last quarter, insiders sold 149,414 shares of company stock valued at $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.