Endeavour Silver (TSE:EDR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

Endeavour Silver Trading Down 0.7 %

The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The stock has a market capitalization of C$928.87 million, a P/E ratio of -31.52, a PEG ratio of 0.76 and a beta of 1.92. The firm’s 50-day simple moving average is C$5.88 and its 200 day simple moving average is C$5.83.

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.