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Endeavour Silver (TSE:EDR) Trading 8.8% Higher - Here's What Happened

Endeavour Silver logo with Basic Materials background

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK rose 8.8% on Wednesday . The company traded as high as C$7.21 and last traded at C$7.20. Approximately 664,502 shares were traded 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.

Analysts Set New Price Targets

Several brokerages have commented on EDR. Raymond James Financial set a C$7.50 price target on Endeavour Silver and gave the stock an "outperform" rating in a research note on Friday, March 21st. National Bankshares set a C$9.00 price objective on shares of Endeavour Silver and gave the company an "outperform" rating in a report on Tuesday, June 24th. National Bank Financial upgraded Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. TD Securities dropped their price objective on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. 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, the stock has an average rating of "Buy" and a consensus price target of C$7.96.

Check Out Our Latest Stock Analysis on Endeavour Silver

Endeavour Silver Price Performance

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 capitalization of C$1.26 billion, a P/E ratio of -42.60, a P/E/G ratio of 0.76 and a beta of 1.92. The stock's 50 day simple moving average is C$5.75 and its 200 day simple moving average is C$5.62.

Insider Activity at Endeavour Silver

In related news, Senior Officer Daniel Dickson sold 50,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$5.50, for a total transaction of C$275,000.00. Insiders bought a total of 3,100 shares of company stock worth $15,341 over the last three months. Insiders own 0.17% of the company's stock.

About Endeavour Silver

(Get Free Report)

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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