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

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.77 and traded as high as C$16.04. Endeavour Silver shares last traded at C$16.01, with a volume of 1,455,115 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on EDR. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a report on Monday, December 8th. TD Securities upped their price target on Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce raised their price target on Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. Finally, National Bank Financial lowered their price objective on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Four research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average price target of C$15.94.

Endeavour Silver Stock Performance

The stock’s fifty day moving average is C$14.94 and its 200-day moving average is C$11.77. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The stock has a market cap of C$4.71 billion, a price-to-earnings ratio of -48.52, a PEG ratio of 0.76 and a beta of 2.78.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings results on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. Endeavour Silver had a negative return on equity of 7.12% and a negative net margin of 13.04%.The firm had revenue of C$198.88 million for the quarter. On average, analysts forecast that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

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.