Endeavour Silver (NYSE:EXK) Trading 6.2% Higher – Should You Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shot up 6.2% during mid-day trading 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 equities analysts have recently weighed in on EXK shares. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. TD Securities initiated coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, HC Wainwright lowered their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a report on Friday. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Stock Performance

The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market cap of $962.71 million, a PE ratio of -28.23 and a beta of 1.62. The stock’s 50 day moving average price is $4.17 and its 200 day moving average price 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 business had revenue of $53.40 million during 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 business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities analysts forecast 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 have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 in the last quarter. Virtu Financial LLC bought a new position in Endeavour Silver during the third quarter worth about $80,000. Rathbones Group PLC boosted its stake 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 valued at $81,000 after purchasing an additional 8,500 shares in the last quarter. Quantbot Technologies LP bought a new stake in Endeavour Silver during the third quarter worth about $100,000. Finally, Walleye Capital LLC acquired a new stake in Endeavour Silver during the 3rd quarter valued at $111,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.