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

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.58 and traded as high as C$5.63. Endeavour Silver shares last traded at C$5.23, with a volume of 1,056,060 shares trading hands.

Wall Street Analysts Forecast Growth

EDR has been the subject of several analyst reports. Ventum Financial set a C$9.00 price objective on shares of Endeavour Silver and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, BMO Capital Markets reduced their price target on Endeavour Silver from C$8.50 to C$8.00 in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$7.88.

Endeavour Silver Stock Down 8.4 %

The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The company has a market capitalization of C$908.03 million, a price-to-earnings ratio of -30.82, a PEG ratio of 0.76 and a beta of 1.92. The firm’s 50-day moving average price is C$5.46 and its 200 day moving average price is C$5.58.

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.