Endeavour Silver (NYSE:EXK) Stock Price Up 6.2% – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shot up 6.2% on Friday . The company traded as high as $3.77 and last traded at $3.75. 1,479,780 shares traded hands during trading, a decline of 78% from the average session volume of 6,837,063 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Securities assumed coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Alliance Global Partners lifted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, HC Wainwright decreased their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Price Performance

The firm has a market cap of $931.25 million, a P/E ratio of -27.31 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. Sell-side analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently modified their holdings of the business. Choreo LLC acquired a new stake in Endeavour Silver in the second quarter valued at about $122,000. American Century Companies Inc. acquired a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $589,000. Rathbones Group PLC grew its holdings in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after purchasing an additional 8,500 shares during the last quarter. Perissos Private Wealth Management LLC increased its position in Endeavour Silver by 58.2% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock worth $168,000 after purchasing an additional 17,550 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Endeavour Silver by 768.2% in the 2nd quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after purchasing an additional 89,288 shares during the last quarter. 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.