Endeavour Silver (TSE:EDR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.56 and traded as high as C$14.74. Endeavour Silver shares last traded at C$14.72, with a volume of 877,091 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on EDR. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, August 3rd. National Bank Financial set a C$28.00 price objective on Endeavour Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of C$19.23.

Endeavour Silver Stock Down 2.6%

The company has a debt-to-equity ratio of 34.64, a quick ratio of 2.38 and a current ratio of 1.97. The company’s fifty day moving average price is C$11.72 and its 200-day moving average price is C$13.53. The stock has a market cap of C$4.26 billion, a P/E ratio of 71.85, a price-to-earnings-growth ratio of 0.76 and a beta of 3.20.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 EPS for the quarter. The company 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 EPS for the current year.

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