Endeavour Silver (TSE:EDR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.48 and traded as high as C$5.76. Endeavour Silver shares last traded at C$5.63, with a volume of 550,667 shares traded.

Analyst Ratings Changes

EDR has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of Endeavour Silver from C$8.50 to C$8.00 in a research note on Wednesday, February 12th. Ventum Financial set a C$9.00 price objective on shares of Endeavour Silver and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$7.88.

Endeavour Silver Price Performance

The business’s 50-day moving average price is C$5.44 and its 200 day moving average price is C$5.48. The company has a market capitalization of C$977.48 million, a P/E ratio of -33.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65.

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.