Endeavour Silver (TSE:EDR) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.49 and traded as high as C$5.63. Endeavour Silver shares last traded at C$5.24, with a volume of 489,720 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EDR shares. Ventum Financial set a C$9.00 target price 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 objective on Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$7.88.

Endeavour Silver Trading Down 0.8 %

The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The firm has a market capitalization of C$902.83 million, a P/E ratio of -30.64, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The business’s 50-day moving average is C$5.44 and its 200 day moving average is C$5.50.

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.