Endeavour Silver (TSE:EDR) Sets New 52-Week High – Here’s What Happened

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$20.65 and last traded at C$20.27, with a volume of 623406 shares trading hands. The stock had previously closed at C$19.33.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EDR shares. CIBC upped their target price on Endeavour Silver from C$18.00 to C$20.00 in a report on Tuesday, January 13th. TD Securities boosted their price target on Endeavour Silver from C$14.00 to C$21.00 in a research report on Thursday. Natl Bk Canada upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. National Bankshares cut their target price on Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Finally, BMO Capital Markets boosted their target price on shares of Endeavour Silver from C$13.00 to C$15.00 in a report on Friday, October 17th. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of C$15.94.

Endeavour Silver Stock Down 1.1%

The company’s 50-day moving average is C$13.41 and its 200 day moving average is C$10.78. The stock has a market capitalization of C$5.62 billion, a PE ratio of -57.94, a price-to-earnings-growth ratio of 0.76 and a beta of 2.51. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last issued its quarterly earnings results on Friday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$198.88 million for the quarter. Endeavour Silver had a negative net margin of 13.04% and a negative return on equity of 7.12%. As a group, analysts anticipate that Endeavour Silver Corp. will post 0.6341991 EPS for the current year.

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. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.