Endeavour Silver (TSE:EDR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.08 and traded as low as C$10.96. Endeavour Silver shares last traded at C$11.39, with a volume of 766,482 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$28.00 target price on shares of Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of C$19.23.

Endeavour Silver Trading Up 3.5%

The business has a 50 day moving average of C$12.82 and a two-hundred day moving average of C$14.07. The company has a current ratio of 1.69, a quick ratio of 2.38 and a debt-to-equity ratio of 38.42. The firm has a market cap of C$3.49 billion, a P/E ratio of -196.50, a PEG ratio of 0.76 and a beta of 3.10.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.29 EPS for the quarter. Endeavour Silver had a negative net margin of 3.48% and a negative return on equity of 3.75%. The firm had revenue of C$291.55 million during the quarter. Analysts predict that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, Director Amy Eileen Jacobsen sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$15.25, for a total transaction of C$61,000.00. Following the completion of the sale, the director directly owned 10,818 shares in the company, valued at C$164,974.50. This trade represents a 26.99% decrease in their ownership of the stock. Also, insider Allison Lauren Pettit sold 4,172 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$15.41, for a total value of C$64,290.52. Following the sale, the insider owned 3,661 shares of the company’s stock, valued at approximately C$56,416.01. This represents a 53.26% decrease in their position. In the last quarter, insiders have sold 28,172 shares of company stock worth $430,491. 0.17% of the stock is owned by corporate insiders.

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.