Endeavour Silver (TSE:EDR) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EDR shares. BMO Capital Markets decreased their price objective 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 target on Endeavour Silver and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$7.88.

Endeavour Silver Stock Down 3.1 %

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

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.