Endeavour Silver (TSE:EDR) Stock Passes Below 200 Day Moving Average – Here’s Why

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.08 and traded as low as C$10.96. Endeavour Silver shares last traded at C$11.39, with a volume of 766,482 shares.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$28.00 price target on Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of C$19.23.

Endeavour Silver Stock Up 4.1%

The firm has a market capitalization of C$3.37 billion, a price-to-earnings ratio of -189.83, a P/E/G ratio of 0.76 and a beta of 3.10. The business has a 50 day simple moving average of C$12.85 and a 200-day simple moving average of C$14.08. The company has a debt-to-equity ratio of 38.42, a quick ratio of 2.38 and a current ratio of 1.69.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$291.55 million for the quarter. Endeavour Silver had a negative return on equity of 3.75% and a negative net margin of 3.48%. On average, equities analysts expect that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

Insider Activity

In other Endeavour Silver news, insider Allison Lauren Pettit sold 4,172 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of C$15.41, for a total value of C$64,290.52. Following the transaction, the insider directly owned 3,661 shares in the company, valued at C$56,416.01. The trade was a 53.26% decrease in their position. Also, insider Luis Renato Castro sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$15.20, for a total transaction of C$152,000.00. Following the completion of the sale, the insider directly owned 40,408 shares of the company’s stock, valued at approximately C$614,201.60. This trade represents a 19.84% decrease in their position. Insiders have sold a total of 28,172 shares of company stock valued at $430,491 in the last ninety days. 0.17% of the stock is currently 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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.