Endeavour Silver (TSE:EDR) Trading 16.8% Higher – Still a Buy?

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shot up 16.8% on Tuesday . The stock traded as high as C$6.19 and last traded at C$6.11. 345,320 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 609,781 shares. The stock had previously closed at C$5.23.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Ventum Financial set a C$9.00 price target on Endeavour Silver and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. BMO Capital Markets cut their price objective on Endeavour Silver from C$8.50 to C$8.00 in a report on Wednesday, February 12th. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver presently has an average rating of “Buy” and a consensus target price of C$7.88.

Endeavour Silver Trading Up 19.9 %

The company has a 50 day moving average of C$5.46 and a 200 day moving average of C$5.58. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of -36.95, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92. The company has a current ratio of 1.39, a quick ratio of 2.38 and a debt-to-equity ratio of 20.65.

Endeavour Silver Company Profile

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.