Endeavour Silver (TSE:EDR) Stock Price Down 10.1% – Should You Sell?

by · The Cerbat Gem

Endeavour Silver Corp. (TSE:EDR – Get Free Report) (NYSE:EXK) shares were down 10.1% during trading on Wednesday . The stock traded as low as C$12.98 and last traded at C$13.14. Approximately 720,227 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,736,935 shares. The stock had previously closed at C$14.61.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EDR shares. CIBC lifted their price objective on shares of Endeavour Silver from C$14.00 to C$16.00 in a research note on Monday, November 3rd. Ventum Financial lifted their price target on shares of Endeavour Silver from C$9.75 to C$12.15 in a research note on Friday, September 26th. Natl Bk Canada raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, December 8th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, National Bankshares upped their target price on Endeavour Silver from C$18.00 to C$21.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Endeavour Silver currently has an average rating of “Strong Buy” and an average price target of C$13.11.

Read Our Latest Report on EDR

Endeavour Silver Stock Down 9.4%

The company’s 50 day moving average price is C$12.07 and its two-hundred day moving average price is C$9.92. The company has a quick ratio of 2.38, a current ratio of 1.39 and a debt-to-equity ratio of 20.65. The stock has a market cap of C$3.89 billion, a P/E ratio of -40.09, a P/E/G ratio of 0.76 and a beta of 2.51.

Endeavour Silver (TSE:EDR – Get Free Report) (NYSE:EXK) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$198.88 million during the quarter. Endeavour Silver had a negative return on equity of 7.12% and a negative net margin of 13.04%. As a group, research analysts expect that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current year.

Insider Transactions at Endeavour Silver

In related news, Director Rex John Mclennan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of C$11.55, for a total value of C$115,500.00. Following the completion of the transaction, the director owned 34,800 shares of the company’s stock, valued at C$401,940. The trade was a 22.32% decrease in their ownership of the stock. 0.17% of the stock is currently owned by insiders.

About Endeavour Silver

(Get Free Report)

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.

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