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

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 8.2% during trading on Thursday . The company traded as high as $3.96 and last traded at $3.96. Approximately 3,400,364 shares traded 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

Several brokerages have commented on EXK. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday, December 18th. Alliance Global Partners raised their price target 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. TD Securities started coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, one has given 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -30.23 and a beta of 1.62. 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 firm’s 50 day moving average is $4.36 and its 200-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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Analysts forecast that Endeavour Silver Corp. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently made changes to their positions in EXK. Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver in the second quarter worth about $42,000. Oxbow Advisors LLC purchased a new position in Endeavour Silver in the 2nd quarter worth approximately $51,000. Blue Trust Inc. boosted its holdings in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Endeavour Silver in the third quarter valued at approximately $80,000. Finally, Rathbones Group PLC increased its holdings in shares of Endeavour Silver by 58.8% in the second 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. 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.