Endeavour Silver (NYSE:EXK) Trading Up 3% – Still a Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 3% during trading on Thursday . The company traded as high as $3.80 and last traded at $3.79. Approximately 464,601 shares changed hands during trading, a decline of 92% from the average daily volume of 5,561,851 shares. The stock had previously closed at $3.68.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXK shares. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, December 18th. Alliance Global Partners increased their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Tuesday. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Up 3.3 %

The firm has a 50-day moving average price of $4.49 and a two-hundred day moving average price of $4.00. The company has a market capitalization of $996.82 million, a P/E ratio of -29.23 and a beta of 1.62. The company has a quick ratio of 1.07, a current ratio of 1.39 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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $54.91 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new stake in Endeavour Silver in the 2nd quarter valued at $589,000. Quest Partners LLC acquired a new position in shares of Endeavour Silver during the 3rd quarter worth about $964,000. Van ECK Associates Corp raised its holdings in shares of Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares during the period. National Bank of Canada FI lifted its stake in Endeavour Silver by 5,735.0% in the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the last quarter. Finally, U S Global Investors Inc. bought a new position in Endeavour Silver during the third quarter worth about $1,382,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Endeavour Silver

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.