Endeavour Silver (TSE:EDR) Stock Crosses Above 200 Day Moving Average - Here's Why

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.58 and traded as high as C$5.63. Endeavour Silver shares last traded at C$5.23, with a volume of 1,056,060 shares traded.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Securities cut their price target on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating on the stock in a research note on Tuesday. Ventum Financial set a C$9.00 target price on Endeavour Silver and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets cut their target price on Endeavour Silver from C$8.50 to C$8.00 in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$7.75.

Endeavour Silver Price Performance

The firm has a fifty day moving average price of C$5.54 and a two-hundred day moving average price of C$5.62. The stock has a market capitalization of C$1.17 billion, a P/E ratio of -39.83, a PEG ratio of 0.76 and a beta of 1.92. The company has a debt-to-equity ratio of 20.65, a quick ratio of 2.38 and a current ratio of 1.39.

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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.