Endeavour Silver (TSE:EDR) Shares Climb 3.9% – Should You Buy?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price traded up 3.9% on Friday. The stock traded as high as C$11.12 and last traded at C$11.06. 1,420,083 shares were traded during trading, an increase of 14% from the average daily volume of 1,248,381 shares. The stock had previously closed at C$10.64.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EDR. TD set a C$15.00 target price on Endeavour Silver and gave the company a “buy” rating in a report on Monday, August 24th. Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperformer” rating to a “hold” rating and reduced their price objective for the company from C$25.00 to C$20.00 in a research report on Wednesday, September 23rd. B. Riley Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, National Bank Financial raised their price objective on shares of Endeavour Silver from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$20.25.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 34.64, a quick ratio of 2.38 and a current ratio of 1.97. The firm has a market cap of C$3.28 billion, a P/E ratio of 55.30, a P/E/G ratio of 0.76 and a beta of 3.26. The company has a 50-day moving average of C$12.61 and a 200 day moving average of C$13.41.

About Endeavour Silver

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.