Endeavour Silver (NYSE:EXK) Shares Gap Up – Should You Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.65, but opened at $4.76. Endeavour Silver shares last traded at $4.75, with a volume of 1,441,500 shares trading hands.

Analysts Set New Price Targets

EXK has been the subject of a number of research analyst reports. HC Wainwright increased their price objective on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Raymond James assumed coverage on Endeavour Silver in a research note on Friday. They issued an “outperform” rating on the stock. Finally, TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

The company has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $4.12. 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 company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -35.52 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. As a group, research analysts anticipate that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in shares of Endeavour Silver by 995.2% during the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company’s stock valued at $4,325,000 after acquiring an additional 1,073,114 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $543,000. Vident Advisory LLC grew its position in shares of Endeavour Silver by 2.8% during the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company’s stock worth $860,000 after buying an additional 6,441 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Endeavour Silver by 26.2% in the fourth quarter. Two Sigma Advisers LP now owns 209,100 shares of the mining company’s stock worth $765,000 after buying an additional 43,400 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Endeavour Silver by 88.4% in the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company’s stock valued at $2,664,000 after acquiring an additional 341,468 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.