Endeavour Silver (NYSE:EXK) Shares Gap Up – Here’s What Happened

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Monday . The stock had previously closed at $4.70, but opened at $4.96. Endeavour Silver shares last traded at $4.95, with a volume of 818,294 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EXK shares. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. HC Wainwright lifted their price target on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Finally, Alliance Global Partners raised their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock’s 50 day simple moving average is $4.40 and its 200 day simple moving average is $3.90. The firm has a market cap of $1.21 billion, a P/E ratio of -37.96 and a beta of 1.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Endeavour Silver in the first quarter valued at about $19,008,000. Virtu Financial LLC lifted its position in shares of Endeavour Silver by 158.3% during the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock valued at $355,000 after purchasing an additional 90,259 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in Endeavour Silver during the second quarter worth about $42,000. Institutional investors 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.