Endeavour Silver (NYSE:EXK) Shares Up 8.2% – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price was up 8.2% during mid-day trading on Thursday . The stock traded as high as $3.96 and last traded at $3.96. Approximately 3,400,364 shares changed hands during trading, a decline of 39% from the average daily volume of 5,586,919 shares. The stock had previously closed at $3.66.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXK. HC Wainwright reaffirmed a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, December 18th. TD Securities started coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. Finally, Alliance Global Partners boosted their target price on shares of 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 issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Trading Down 3.0 %

The company has a market capitalization of $1.02 billion, a PE ratio of -29.85 and a beta of 1.64. The stock has a fifty day moving average of $4.30 and a two-hundred day moving average of $4.01. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts anticipate that Endeavour Silver Corp. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the business. Hohimer Wealth Management LLC bought a new position in shares of Endeavour Silver in the 2nd quarter worth approximately $42,000. Oxbow Advisors LLC bought a new position in Endeavour Silver in the second quarter worth $51,000. Blue Trust Inc. lifted its position in Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after buying an additional 8,389 shares during the period. Virtu Financial LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter valued at $80,000. Finally, Rathbones Group PLC grew its position in shares of Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after buying an additional 8,500 shares during the period. Hedge funds and other 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.