Endeavour Silver (TSE:EDR) Stock Passes Above 200-Day Moving Average of $2.80

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.80 and traded as high as C$3.82. Endeavour Silver shares last traded at C$3.81, with a volume of 532,073 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EDR. TD Securities raised Endeavour Silver from a “hold” rating to a “buy” rating and upped their target price for the company from C$3.75 to C$4.00 in a research report on Tuesday, January 9th. CIBC cut their price objective on Endeavour Silver from C$4.50 to C$3.75 and set a “neutral” rating on the stock in a report on Wednesday, February 7th.

Endeavour Silver Stock Performance

The firm’s 50 day simple moving average is C$2.99 and its 200 day simple moving average is C$2.80. The firm has a market capitalization of C$888.15 million, a price-to-earnings ratio of 95.25, a PEG ratio of 0.76 and a beta of 1.60. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.38 and a current ratio of 1.73.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its earnings results on Monday, March 11th. The company reported C$0.03 earnings per share (EPS) for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 1.74%. The firm had revenue of C$68.76 million during the quarter. Sell-side analysts forecast that Endeavour Silver Corp. will post 0.0333677 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.