Endeavour Silver (TSE:EDR) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.31 and traded as high as C$15.87. Endeavour Silver shares last traded at C$15.39, with a volume of 849,671 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EDR shares. B. Riley Financial raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, August 3rd. TD set a C$15.00 price target on shares of Endeavour Silver and gave the company a “buy” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$18.53.

Endeavour Silver Price Performance

The company has a fifty day moving average price of C$13.05 and a two-hundred day moving average price of C$13.29. The firm has a market capitalization of C$4.18 billion, a PE ratio of 70.50, a P/E/G ratio of 0.76 and a beta of 3.31. The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$301.35 million for the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. Sell-side analysts forecast that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

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.