Endeavour Silver (TSE:EDR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.05 and traded as high as C$13.72. Endeavour Silver shares last traded at C$13.01, with a volume of 1,330,676 shares changing hands.

Analysts Set New Price Targets

EDR has been the topic of a number of research reports. National Bank Financial dropped their price target 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 raised their target price on Endeavour Silver from C$18.00 to C$20.00 in a research report on Tuesday, January 13th. Finally, TD Securities boosted their price target on Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of C$15.94.

Endeavour Silver Price Performance

The company has a current ratio of 1.53, a quick ratio of 2.38 and a debt-to-equity ratio of 42.12. The stock has a 50 day simple moving average of C$16.17 and a 200-day simple moving average of C$13.06. The firm has a market cap of C$3.32 billion, a PE ratio of -26.88, a price-to-earnings-growth ratio of 0.76 and a beta of 2.71.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings data on Friday, February 27th. The company reported C$0.03 EPS for the quarter. Endeavour Silver had a negative return on equity of 23.02% and a negative net margin of 25.75%.The business had revenue of C$231.01 million for the quarter. Equities analysts anticipate that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Endeavour Silver news, insider Daniel Dickson sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$18.99, for a total value of C$1,899,000.00. Following the completion of the transaction, the insider directly owned 270,624 shares in the company, valued at C$5,139,149.76. This represents a 26.98% decrease in their position. Corporate insiders own 0.17% of the company’s stock.

Endeavour Silver Company Profile

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.