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

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.13 and traded as high as C$14.27. Endeavour Silver shares last traded at C$14.24, with a volume of 849,720 shares traded.

Analysts Set New Price Targets

EDR has been the subject of several analyst reports. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, August 3rd. TD set a C$15.00 price objective on shares of Endeavour Silver and gave the company a “buy” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$18.53.

Endeavour Silver Trading Up 0.4%

The company’s fifty day simple moving average is C$13.31 and its 200-day simple moving average is C$13.13. The firm has a market capitalization of C$4.23 billion, a PE ratio of 71.45, a P/E/G ratio of 0.76 and a beta of 3.31. The company has a debt-to-equity ratio of 34.64, a current ratio of 1.97 and a quick ratio of 2.38.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.21 earnings per share for the quarter. Endeavour Silver had a net margin of 8.73% and a return on equity of 10.49%. The firm had revenue of C$301.35 million during the quarter. As a group, sell-side analysts expect that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

Endeavour Silver Company Profile

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.