Endeavour Silver (TSE:EDR) Stock Jumps 3.9% – What’s Next?

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

Analysts Set New Price Targets

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

Endeavour Silver Stock Up 3.9%

The company’s fifty day moving average price is C$12.61 and its 200-day moving average price is C$13.41. The stock has a market capitalization of C$3.28 billion, a PE ratio of 55.30, a price-to-earnings-growth ratio of 0.76 and a beta of 3.26. The company has a quick ratio of 2.38, a current ratio of 1.97 and a debt-to-equity ratio of 34.64.

Endeavour Silver Company Profile

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.