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

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.83 and traded as high as C$6.20. Endeavour Silver shares last traded at C$6.14, with a volume of 1,165,934 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EDR. TD Securities reduced their target price on shares of Endeavour Silver from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. BMO Capital Markets reduced their price objective on Endeavour Silver from C$8.50 to C$8.00 in a research report on Wednesday, February 12th. Raymond James set a C$7.50 target price on Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, March 21st. Finally, Ventum Financial set a C$9.00 price target on Endeavour Silver and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$7.70.

Endeavour Silver Stock Down 0.5 %

The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39. The company has a market cap of C$1.07 billion, a P/E ratio of -36.18, a P/E/G ratio of 0.76 and a beta of 1.92. The stock has a 50 day moving average price of C$5.88 and a 200 day moving average price of C$5.83.

About Endeavour Silver

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.