Endeavour Silver (TSE:EDR) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.05 and traded as high as C$13.72. Endeavour Silver shares last traded at C$13.01, with a volume of 1,330,676 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on EDR. National Bank Financial dropped their target price on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. TD Securities lifted their price target on shares of Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver has an average rating of “Strong Buy” and a consensus target price of C$15.94.

Endeavour Silver Stock Performance

The company has a quick ratio of 2.38, a current ratio of 1.53 and a debt-to-equity ratio of 42.12. The company has a fifty day moving average price of C$16.28 and a 200 day moving average price of C$13.05. The stock has a market cap of C$3.83 billion, a PE ratio of -30.98, a P/E/G ratio of 0.76 and a beta of 2.71.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its earnings results on Friday, February 27th. The company reported C$0.03 earnings per share for the quarter. Endeavour Silver had a negative return on equity of 23.02% and a negative net margin of 25.75%.The company had revenue of C$231.01 million during the quarter. Analysts expect that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Insider Activity

In related news, insider Daniel Dickson sold 100,000 shares of Endeavour Silver stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of C$18.99, for a total value of C$1,899,000.00. Following the transaction, the insider directly owned 270,624 shares of the company’s stock, valued at C$5,139,149.76. The trade was a 26.98% decrease in their ownership of the stock. Corporate 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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.