Endeavour Silver (TSE:EDR) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$12.96 and traded as low as C$12.16. Endeavour Silver shares last traded at C$12.20, with a volume of 1,147,315 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD set a C$15.00 target price on Endeavour Silver and gave the stock a “buy” rating in a research report on Monday, August 24th. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperformer” rating to a “hold” rating and decreased their price target for the company from C$25.00 to C$20.00 in a report on Wednesday, September 23rd. National Bank Financial lifted their price objective on Endeavour Silver from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. Finally, B. Riley Financial raised Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$19.20.

Endeavour Silver Stock Up 0.5%

The business’s fifty day simple moving average is C$13.68 and its 200 day simple moving average is C$12.95. The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64. The stock has a market cap of C$3.62 billion, a price-to-earnings ratio of 61.10, a price-to-earnings-growth ratio of 0.76 and a beta of 3.31.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$301.35 million for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. Equities analysts forecast that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

About Endeavour Silver

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.