Endeavour Silver (TSE:EDR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Endeavour Silver Corp. (TSE:EDR – Get Free Report) (NYSE:EXK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.37 and traded as high as C$15.19. Endeavour Silver shares last traded at C$15.15, with a volume of 1,016,016 shares changing hands.

Wall Street Analyst Weigh In

Separately, B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of C$19.23.

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Endeavour Silver Trading Down 3.4%

The stock has a market cap of C$4.33 billion, a P/E ratio of 73.10, a P/E/G ratio of 0.76 and a beta of 3.20. The company has a debt-to-equity ratio of 34.64, a quick ratio of 2.38 and a current ratio of 1.97. The stock’s fifty day moving average is C$12.16 and its 200 day moving average is C$13.38.

Endeavour Silver (TSE:EDR – Get Free Report) (NYSE:EXK) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 earnings per share for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%.The company had revenue of C$301.35 million for the quarter. As a group, equities research analysts predict that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

About Endeavour Silver

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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.

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