Endeavour Silver (TSE:EDR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.82 and traded as high as C$6.34. Endeavour Silver shares last traded at C$5.97, with a volume of 654,952 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EDR shares. BMO Capital Markets increased their target price on Endeavour Silver from C$6.00 to C$7.00 in a report on Friday, August 2nd. TD Securities increased their price objective on Endeavour Silver from C$7.00 to C$7.50 in a research note on Friday. Finally, CIBC lifted their target price on shares of Endeavour Silver from C$6.00 to C$7.00 in a research note on Wednesday, July 10th.

Endeavour Silver Trading Up 12.1 %

The company has a current ratio of 2.02, a quick ratio of 2.38 and a debt-to-equity ratio of 14.58. The company has a fifty day simple moving average of C$4.86 and a 200-day simple moving average of C$4.85. The company has a market capitalization of C$1.62 billion, a PE ratio of -82.50, a PEG ratio of 0.76 and a beta of 1.92.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.