Endeavour Silver (TSE:EDR) Stock Price Up 11.8% - Here's What Happened

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EDR. National Bankshares set a C$9.00 price objective on shares of Endeavour Silver and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Raymond James Financial set a C$7.50 price objective on shares of Endeavour Silver and gave the stock an "outperform" rating in a research report on Friday, March 21st. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. CIBC reduced their target price on shares of Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$7.96.

Endeavour Silver Stock Performance

The stock's 50-day moving average is C$5.79 and its 200-day moving average is C$5.63. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of -43.19, a PEG ratio of 0.76 and a beta of 1.92.

Insider Activity

In other news, Senior Officer Daniel Dickson sold 50,000 shares of the business's stock in a transaction that occurred 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. Company insiders own 0.17% of the company's stock.

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.