Rex John Mclennan Sells 10,000 Shares of Endeavour Silver (TSE:EDR) Stock

Key Points

• Director Rex John Mclennan sold 10,000 shares of Endeavour Silver at an average price of C$11.55, decreasing his position by 22.32%.
• Endeavour Silver's stock price increased by 16.9% to C$12.53 following the sale, with a total trading volume of over 2.2 million shares.
• Research firms have recently increased their target prices for Endeavour Silver, with CIBC raising theirs to C$14.00 and National Bankshares to C$16.00, reflecting a generally positive outlook on the stock.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK Director Rex John Mclennan sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of C$11.55, for a total value of C$115,500.00. Following the sale, the director directly owned 34,800 shares of the company's stock, valued at C$401,940. This represents a 22.32% decrease in their position.

Endeavour Silver Trading Up 16.9%

EDR stock traded up C$1.81 during trading on Tuesday, hitting C$12.53. 2,201,779 shares of the company traded hands, compared to its average volume of 1,103,736. The firm has a market capitalization of C$3.64 billion, a PE ratio of -46.41, a P/E/G ratio of 0.76 and a beta of 2.17. Endeavour Silver Corp. has a 1 year low of C$4.21 and a 1 year high of C$12.61. The company has a 50-day moving average of C$8.98 and a 200-day moving average of C$7.02. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

Analyst Ratings Changes

Several research firms recently weighed in on EDR. Ventum Financial lifted their target price on Endeavour Silver from C$9.75 to C$12.15 in a research report on Friday, September 26th. CIBC lifted their target price on Endeavour Silver from C$12.00 to C$14.00 in a research report on Friday. Finally, National Bankshares lifted their target price on Endeavour Silver from C$10.00 to C$16.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$10.78.

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.

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