Endeavour Silver (TSE:EDR) Shares Up 10.8% - Should You Buy?

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's stock price shot up 10.8% during 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EDR. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. TD Securities lowered their price target on shares of Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price target on shares of Endeavour Silver from C$8.50 to C$8.00 in a research report on Wednesday, February 12th. CIBC lowered their price target on shares of Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, Raymond James set a C$7.50 price target on shares of Endeavour Silver and gave the company an "outperform" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$7.75.

Endeavour Silver Stock Performance

The company has a market capitalization of C$1.00 billion, a PE ratio of -34.00, a PEG ratio of 0.76 and a beta of 1.92. The business's 50-day moving average is C$5.04 and its 200-day moving average is C$5.50. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

Insider Buying and Selling at Endeavour Silver

In other news, Director Angela Dorothy Johnson acquired 5,600 shares of Endeavour Silver stock in a transaction on Wednesday, April 2nd. The stock was 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 Endeavour Silver stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of C$5.50, for a total transaction of C$275,000.00. In the last ninety days, insiders bought 8,700 shares of company stock worth $44,906. 0.17% of the stock is owned by corporate insiders.

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.