Endeavour Silver Corp. (TSE:EDR) Receives Average Recommendation of "Buy" from Brokerages

Shares of Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK have been given an average recommendation of "Buy" by the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$7.75.

EDR has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. TD Securities dropped their price objective on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Raymond James set a C$7.50 target price on Endeavour Silver and gave the company an "outperform" rating in a report on Friday, March 21st. Finally, CIBC dropped their price target on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating for the company in a research note on Thursday, April 3rd.

Insider Buying and Selling

In related news, Director Angela Dorothy Johnson purchased 5,600 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of C$5.28 per share, for a total transaction of C$29,564.64. Also, Senior Officer Daniel Dickson sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of C$5.50, for a total transaction of C$275,000.00. 0.17% of the stock is owned by corporate insiders.

Endeavour Silver Trading Down 4.7 %

EDR traded down C$0.26 during midday trading on Tuesday, hitting C$5.24. The company's stock had a trading volume of 592,456 shares, compared to its average volume of 892,122. Endeavour Silver has a 52-week low of C$3.34 and a 52-week high of C$7.87. The firm has a 50-day moving average price of C$5.76 and a two-hundred day moving average price of C$5.85. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65. The firm has a market cap of C$909.77 million, a P/E ratio of -30.88, a PEG ratio of 0.76 and a beta of 1.92.

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.