Endeavour Silver (TSE:EDR) Shares Up 8.8% - What's Next?

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK were up 8.8% on Wednesday . The stock traded as high as C$7.21 and last traded at C$7.20. Approximately 664,502 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 911,243 shares. The stock had previously closed at C$6.62.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EDR shares. Raymond James Financial set a C$7.50 target price on shares of Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, March 21st. CIBC cut 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 research note on Thursday, April 3rd. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares set a C$9.00 price target on Endeavour Silver and gave the company an "outperform" rating in a report on Tuesday, June 24th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. One investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$7.96.

Endeavour Silver Stock Up 7.5%

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 market cap of C$1.39 billion, a PE ratio of -47.08, a PEG ratio of 0.76 and a beta of 1.92. The stock has a fifty day moving average price of C$5.85 and a 200-day moving average price of C$5.65.

Insider Activity

In other news, Senior Officer Daniel Dickson sold 50,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of C$5.50, for a total transaction 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.