Endeavour Silver (TSE:EDR) Stock Price Up 7.8% – Here’s Why

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shot up 7.8% on Monday . The company traded as high as C$5.01 and last traded at C$4.81. 924,626 shares were traded during mid-day trading, an increase of 4% from the average session volume of 890,229 shares. The stock had previously closed at C$4.46.

Analyst Ratings Changes

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

Endeavour Silver Stock 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 company has a 50 day simple moving average of C$5.86 and a 200-day simple moving average of C$5.85. The stock has a market capitalization of C$812.54 million, a P/E ratio of -27.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92.

Insider Activity at Endeavour Silver

In other Endeavour Silver news, Director Angela Dorothy Johnson acquired 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of C$5.28 per share, with a total value of C$29,564.64. 0.17% of the stock is currently owned by company insiders.

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.