Endeavour Silver (TSE:EDR) Trading 11.8% Higher - Here's What Happened

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's stock price traded up 11.8% during trading on Wednesday . The stock traded as high as C$7.45 and last traded at C$7.40. 1,055,051 shares changed hands during trading, an increase of 15% from the average session volume of 913,824 shares. The stock had previously closed at C$6.62.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Securities lowered their target price on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Raymond James Financial set a C$7.50 price objective on Endeavour Silver and gave the stock an "outperform" rating in a research report on Friday, March 21st. National Bankshares set a C$9.00 price objective on Endeavour Silver and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Finally, CIBC cut their target price on 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. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver presently has a consensus rating of "Buy" and a consensus price target of C$7.96.

Endeavour Silver Stock Performance

The firm's 50 day simple moving average is C$5.75 and its 200-day simple moving average is C$5.62. 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 company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -42.54, a P/E/G ratio of 0.76 and a beta of 1.92.

Insider Transactions at Endeavour Silver

In other news, Senior Officer Daniel Dickson sold 50,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$5.50, for a total value of C$275,000.00. Over the last 90 days, insiders have acquired 3,100 shares of company stock worth $15,341. 0.17% of the stock is owned by 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.

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