Endeavour Silver (NYSE:EXK) Reaches New 12-Month High – What’s Next?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) hit a new 52-week high on Monday . The company traded as high as $5.23 and last traded at $5.20, with a volume of 1054897 shares changing hands. The stock had previously closed at $4.78.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Alliance Global Partners upped their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday. CIBC raised their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, HC Wainwright cut their target price on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.31.

Endeavour Silver Trading Up 6.6 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -274.50 and a beta of 1.71. The company’s 50 day moving average is $3.70 and its 200 day moving average is $3.61.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. On average, research analysts forecast that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in shares of Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after buying an additional 13,657,121 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Endeavour Silver in the 1st quarter valued at $19,008,000. Jupiter Asset Management Ltd. increased its position in shares of Endeavour Silver by 60.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after purchasing an additional 4,046,065 shares in the last quarter. TD Asset Management Inc bought a new stake in shares of Endeavour Silver during the second quarter worth $9,452,000. Finally, National Bank of Canada FI lifted its stake in shares of Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after acquiring an additional 431,274 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.