Endeavour Silver (TSE:EDR) Trading Up 10.8% - Here's What Happened

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shot up 10.8% during mid-day trading on Monday . The stock traded as high as C$5.61 and last traded at C$5.46. 531,712 shares were traded during mid-day trading, a decline of 38% from the average session volume of 859,819 shares. The stock had previously closed at C$4.93.

Wall Street Analysts Forecast Growth

EDR has been the topic of a number of analyst reports. Raymond James set a C$7.50 target price on Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, March 21st. BMO Capital Markets cut their price objective on Endeavour Silver from C$8.50 to C$8.00 in a research report on Wednesday, February 12th. CIBC reduced their target price on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, 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. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$7.75.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The firm has a fifty day simple moving average of C$5.03 and a 200 day simple moving average of C$5.50. The company has a market capitalization of C$1.07 billion, a PE ratio of -36.30, a P/E/G ratio of 0.76 and a beta of 1.92.

Insider Buying and Selling

In related news, Director Angela Dorothy Johnson purchased 5,600 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of C$5.28 per share, for a total transaction of C$29,564.64. Also, Senior Officer Daniel Dickson sold 50,000 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$5.50, for a total value of C$275,000.00. Insiders acquired a total of 8,700 shares of company stock valued at $44,906 over the last three months. 0.17% of the stock is owned by company 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.