Endeavour Silver (TSE:EDR) Stock Price Up 4.2%

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) rose 4.2% on Wednesday . The stock traded as high as C$3.71 and last traded at C$3.68. Approximately 255,140 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 704,987 shares. The stock had previously closed at C$3.53.

Wall Street Analysts Forecast Growth

EDR has been the subject of several research reports. TD Securities upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating and increased their target price for the company from C$3.75 to C$4.00 in a research note on Tuesday, January 9th. CIBC reduced their target price on shares of Endeavour Silver from C$4.50 to C$3.75 and set a “neutral” rating for the company in a research note on Wednesday, February 7th.

Endeavour Silver Price Performance

The company has a quick ratio of 2.38, a current ratio of 1.73 and a debt-to-equity ratio of 2.47. The stock has a market cap of C$811.22 million, a price-to-earnings ratio of 87.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.60. The company’s 50-day moving average is C$2.83 and its 200-day moving average is C$2.78.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last posted its quarterly earnings results on Monday, March 11th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$68.76 million during the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 1.74%. Equities research analysts expect that Endeavour Silver Corp. will post 0.0333677 earnings per share for the current fiscal year.

Insider Transactions at Endeavour Silver

In other news, Director Kenneth William Pickering acquired 22,500 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was bought at an average price of C$2.18 per share, with a total value of C$49,050.00. Company insiders own 0.60% of the company’s stock.

About Endeavour Silver

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.