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

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed 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 trading hands.

Analysts Set New Price Targets

EDR has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce increased their target price on shares of Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. National Bank Financial reduced their price target on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Finally, TD Securities upped their price target on Endeavour Silver from C$14.00 to C$21.00 in a research report on Thursday, January 22nd. 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 MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$15.94.

Endeavour Silver Trading Down 7.1%

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 firm’s fifty day moving average is C$16.28 and its two-hundred day moving average is C$13.05. The firm has a market cap of C$3.83 billion, a P/E ratio of -30.98, a PEG ratio of 0.76 and a beta of 2.71.

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

Insider Transactions at Endeavour Silver

In related news, insider Daniel Dickson sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 270,624 shares of the company’s stock, valued at C$5,139,149.76. This represents a 26.98% decrease in their ownership of the stock. 0.17% of the stock is currently owned by 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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.