Endeavour Silver (TSE:EDR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.34 and traded as high as C$10.83. Endeavour Silver shares last traded at C$10.81, with a volume of 1,882,761 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EDR shares. CIBC lifted their price objective on Endeavour Silver from C$14.00 to C$16.00 in a research report on Monday, November 3rd. National Bankshares raised their target price on shares of Endeavour Silver from C$16.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. BMO Capital Markets boosted their price target on shares of Endeavour Silver from C$13.00 to C$15.00 in a research note on Friday, October 17th. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Ventum Financial raised their price objective on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$12.78.

Endeavour Silver Stock Up 6.4%

The firm has a market capitalization of C$3.18 billion, a price-to-earnings ratio of -32.76, a P/E/G ratio of 0.76 and a beta of 2.18. The business’s 50-day moving average is C$10.93 and its two-hundred day moving average is C$8.34. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.14) earnings per share (EPS) for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. The firm had revenue of C$198.88 million for the quarter. On average, equities analysts anticipate that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Insider Activity

In related news, Director Rex John Mclennan sold 10,000 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of C$11.55, for a total value of C$115,500.00. Following the completion of the sale, the director owned 34,800 shares in the company, valued at C$401,940. This represents a 22.32% decrease in their position. 0.17% of the stock is owned by company insiders.

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.