Endeavour Silver (TSE:EDR) Shares Up 4.9% – Here’s What Happened

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shot up 4.9% during mid-day trading on Monday . The stock traded as high as C$5.01 and last traded at C$4.68. 790,433 shares traded hands during trading, a decline of 11% from the average session volume of 888,562 shares. The stock had previously closed at C$4.46.

Analyst Ratings Changes

A number of brokerages have commented on EDR. BMO Capital Markets cut their price target on shares of Endeavour Silver from C$8.50 to C$8.00 in a research note on Wednesday, February 12th. CIBC cut their price objective on shares of Endeavour Silver from C$8.00 to C$7.25 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. TD Securities reduced their price objective on Endeavour Silver from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Raymond James set a C$7.50 price objective on Endeavour Silver and gave the stock an “outperform” rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$7.75.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 20.65, a current ratio of 1.39 and a quick ratio of 2.38. The firm has a market cap of C$812.54 million, a P/E ratio of -27.58, a PEG ratio of 0.76 and a beta of 1.92. The company’s 50-day moving average is C$5.86 and its two-hundred day moving average is C$5.85.

Insiders Place Their Bets

In related news, Director Angela Dorothy Johnson acquired 5,600 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of C$5.28 per share, for a total transaction of C$29,564.64. Corporate insiders own 0.17% of the company’s stock.

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.