Endeavour Silver (TSE:EDR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.77 and traded as high as C$16.04. Endeavour Silver shares last traded at C$16.01, with a volume of 1,455,115 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bank Financial lowered their price objective 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. Canadian Imperial Bank of Commerce upped their price target on Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. Natl Bk Canada upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, December 8th. Finally, TD Securities boosted their target price on shares of Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$15.94.

Endeavour Silver Price Performance

The stock has a fifty day moving average of C$14.94 and a two-hundred day moving average of C$11.77. 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$4.71 billion, a price-to-earnings ratio of -48.52, a PEG ratio of 0.76 and a beta of 2.78.

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