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Endeavour Silver (TSE:EDR) Trading Up 7.8% - Time to Buy?

Endeavour Silver logo with Basic Materials background

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK shot up 7.8% during mid-day trading on Monday . The stock traded as high as C$5.01 and last traded at C$4.81. 924,626 shares changed hands during trading, an increase of 4% from the average session volume of 890,229 shares. The stock had previously closed at C$4.46.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EDR shares. CIBC lowered their price objective on Endeavour Silver from C$8.00 to C$7.25 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Raymond James set a C$7.50 price target on Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, March 21st. TD Securities cut their price objective on Endeavour Silver from C$7.50 to C$7.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their target price on Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$7.75.

Check Out Our Latest Research Report on Endeavour Silver

Endeavour Silver Stock Performance

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 capitalization of C$947.97 million, a price-to-earnings ratio of -32.17, a PEG ratio of 0.76 and a beta of 1.92. The firm has a fifty day moving average of C$5.79 and a 200-day moving average of C$5.85.

Insider Transactions at Endeavour Silver

In related news, Director Angela Dorothy Johnson purchased 5,600 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of C$5.28 per share, with a total value of C$29,564.64. Corporate insiders own 0.17% of the company's stock.

Endeavour Silver Company Profile

(Get Free Report)

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.

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