Endeavour Silver (TSE:EDR) Shares Up 3.9% – Here’s What Happened

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares shot up 3.9% during mid-day trading on Friday. The stock traded as high as C$11.12 and last traded at C$11.06. Approximately 1,420,083 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 1,248,381 shares. The stock had previously closed at C$10.64.

Analysts Set New Price Targets

EDR has been the topic of a number of research reports. National Bank Financial boosted their target price on shares of Endeavour Silver from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. TD set a C$15.00 price target on shares of Endeavour Silver and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperformer” rating to a “hold” rating and dropped their price target for the company from C$25.00 to C$20.00 in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Endeavour Silver presently has a consensus rating of “Buy” and an average price target of C$20.25.

Endeavour Silver Trading Up 3.9%

The stock has a market cap of C$3.28 billion, a price-to-earnings ratio of 55.30, a price-to-earnings-growth ratio of 0.76 and a beta of 3.26. 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 50 day simple moving average is C$12.61 and its two-hundred day simple moving average is C$13.41.

Endeavour Silver Company Profile

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.