Endeavour Silver (TSE:EDR) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$12.93 and traded as low as C$11.68. Endeavour Silver shares last traded at C$12.16, with a volume of 1,215,072 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. National Bank Financial raised their price objective on 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. Canadian Imperial Bank of Commerce lowered shares of Endeavour Silver from an “outperformer” rating to a “hold” rating and lowered their target price for the company from C$25.00 to C$20.00 in a research note on Wednesday, September 23rd. B. Riley Financial raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. Finally, TD set a C$15.00 price target on shares of Endeavour Silver and gave the stock a “buy” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$19.20.

Endeavour Silver Price Performance

The firm has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 61.70, a PEG ratio of 0.76 and a beta of 3.34. The company has a current ratio of 1.97, a quick ratio of 2.38 and a debt-to-equity ratio of 34.64. The business has a 50-day moving average price of C$13.84 and a two-hundred day moving average price of C$12.92.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$301.35 million during the quarter. Endeavour Silver had a return on equity of 10.49% and a net margin of 8.73%. As a group, research analysts forecast that Endeavour Silver Corp. will post 0.63 EPS for the current year.

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.