Endeavour Silver (NYSE:EXK) Shares Gap Up – Still a Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Friday . The stock had previously closed at $3.58, but opened at $3.70. Endeavour Silver shares last traded at $3.75, with a volume of 1,346,034 shares traded.

Analyst Upgrades and Downgrades

EXK has been the topic of several analyst reports. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock. Finally, HC Wainwright decreased their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Price Performance

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 stock has a fifty day simple moving average of $3.97 and a 200-day simple moving average of $4.00. The company has a market capitalization of $969.27 million, a price-to-earnings ratio of -28.42 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analyst estimates 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 was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) earnings per share. On average, equities research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in EXK. 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 stake in shares of Endeavour Silver in the third quarter valued at about $964,000. Van ECK Associates Corp grew its position in shares of Endeavour Silver by 2.7% in the third 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. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver during the third quarter worth about $1,382,000. Finally, Barclays PLC raised its position in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after purchasing an additional 51,901 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.