Endeavour Silver (TSE:EDR) Shares Up 11.8% - Time to Buy?

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. National Bankshares set a C$9.00 target price on Endeavour Silver and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Raymond James Financial set a C$7.50 price objective on Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, CIBC lowered their price objective on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$7.96.

Endeavour Silver Trading Up 7.3%

The firm has a market cap of C$1.38 billion, a P/E ratio of -46.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The stock has a fifty day simple moving average of C$5.91 and a 200 day simple moving average of C$5.67. 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 Activity at Endeavour Silver

In related news, Senior Officer Daniel Dickson sold 50,000 shares of Endeavour Silver 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 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.