Endeavour Silver (TSE:EDR) Sets New 1-Year High – Should You Buy?

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) hit a new 52-week high during trading on Monday . The stock traded as high as C$16.00 and last traded at C$15.70, with a volume of 314231 shares trading hands. The stock had previously closed at C$14.80.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EDR. BMO Capital Markets boosted their target price on Endeavour Silver from C$13.00 to C$15.00 in a report on Friday, October 17th. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, December 8th. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Ventum Financial boosted their target price on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Finally, National Bankshares lowered their price target on shares of Endeavour Silver from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Endeavour Silver currently has an average rating of “Strong Buy” and a consensus price target of C$12.94.

Endeavour Silver Trading Up 4.6%

The company has a market capitalization of C$4.55 billion, a P/E ratio of -46.91, a PEG ratio of 0.76 and a beta of 2.51. The business has a 50 day moving average price of C$12.22 and a 200 day moving average price of C$10.08. 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 released its quarterly earnings data on Friday, November 7th. The company reported C($0.01) earnings per share for the quarter. Endeavour Silver had a negative return on equity of 7.12% and a negative net margin of 13.04%.The firm had revenue of C$198.88 million for the quarter. 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.