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Endeavour Silver (TSE:EDR) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Endeavour Silver logo with Materials background
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Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$12.93 and traded as low as C$11.68. Endeavour Silver shares last traded at C$12.16, with a volume of 1,215,072 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. B. Riley Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Monday, August 3rd. TD set a C$15.00 price objective on shares of Endeavour Silver and gave the company a "buy" rating in a report on Monday, August 24th. National Bank Financial increased their price objective on shares of Endeavour Silver from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Monday, September 21st. Finally, Canadian Imperial Bank of Commerce downgraded Endeavour Silver from an "outperformer" rating to a "hold" rating and reduced their target price for the company from C$25.00 to C$20.00 in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$19.20.

View Our Latest Report on Endeavour Silver

Endeavour Silver Price Performance

The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64. The business has a 50-day moving average of C$13.80 and a 200 day moving average of C$12.93. The firm has a market capitalization of C$3.60 billion, a PE ratio of 60.80, a price-to-earnings-growth ratio of 0.76 and a beta of 3.34.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$301.35 million for the quarter. Endeavour Silver had a net margin of 8.73% and a return on equity of 10.49%. As a group, research analysts anticipate that Endeavour Silver Corp. will post 0.6341991 EPS for the current fiscal year.

About Endeavour Silver

(Get Free Report)

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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