Endeavour Silver (TSE:EDR) Shares Cross Above Two Hundred Day Moving Average of $3.02

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Endeavour Silver Corp (TSE:EDR) (NYSE:EXK) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.02 and traded as high as $3.25. Endeavour Silver shares last traded at $3.22, with a volume of 225,449 shares changing hands.

A number of brokerages have recently commented on EDR. BMO Capital Markets increased their price objective on Endeavour Silver from C$2.70 to C$3.60 in a report on Friday, August 9th. TD Securities increased their price objective on Endeavour Silver from C$3.00 to C$3.75 and gave the company a “hold” rating in a report on Tuesday, August 13th.

The company has a market cap of $429.21 million and a price-to-earnings ratio of -12.79. The company has a fifty day moving average price of C$3.39 and a two-hundred day moving average price of C$3.02. The company has a current ratio of 3.28, a quick ratio of 2.44 and a debt-to-equity ratio of 3.13.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.06) by C($0.03). The firm had revenue of C$39.30 million during the quarter, compared to the consensus estimate of C$36.51 million. Sell-side analysts anticipate that Endeavour Silver Corp will post 0.02 EPS for the current fiscal year.

In related news, Senior Officer Luis Renato Castro sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$3.20, for a total transaction of C$239,805.00. Following the completion of the transaction, the insider now owns 25,000 shares in the company, valued at approximately C$79,935. Also, Director Bradford Cooke sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$3.55, for a total value of C$71,000.00. Following the transaction, the director now owns 880,953 shares of the company’s stock, valued at approximately C$3,127,383.15. Insiders have sold a total of 190,000 shares of company stock worth $609,553 in the last three months.

About Endeavour Silver (TSE:EDR)

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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