Endeavour Silver (TSE:EDR) Stock Passes Above 200-Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.23 and traded as high as C$8.64. Endeavour Silver shares last traded at C$8.58, with a volume of 1,295,292 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EDR shares. National Bankshares set a C$9.00 price target on Endeavour Silver and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a report on Thursday, June 12th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$7.96.

Endeavour Silver Trading Up 6.2%

The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The company has a fifty day moving average price of C$7.45 and a two-hundred day moving average price of C$6.23. The firm has a market capitalization of C$2.49 billion, a price-to-earnings ratio of -31.78, a PEG ratio of 0.76 and a beta of 1.84.

Insiders Place Their Bets

In other news, Senior Officer Gregory Arnold Blaylock sold 35,200 shares of Endeavour Silver stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$8.00, for a total transaction of C$281,600.00. Also, Director Amy Eileen Jacobsen sold 6,582 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of C$7.90, for a total transaction of C$51,997.80. Over the last 90 days, insiders have sold 104,814 shares of company stock valued at $826,854. Insiders own 0.17% of the company’s stock.

About Endeavour Silver

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.