Endeavour Silver (NYSE:EXK) Shares Gap Up – Here’s Why

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.73, but opened at $3.90. Endeavour Silver shares last traded at $4.03, with a volume of 820,214 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXK shares. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. TD Securities started coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. 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 report on Tuesday, October 22nd. Finally, HC Wainwright lowered their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $6.56.

Endeavour Silver Stock Up 8.7 %

The business’s 50 day moving average is $3.85 and its 200 day moving average is $3.97. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.06 billion, a P/E ratio of -31.27 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, equities analysts anticipate that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC purchased a new stake in shares of Endeavour Silver in the 4th quarter valued at $37,000. Blue Trust Inc. lifted its position 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 purchasing an additional 8,389 shares during the period. Virtu Financial LLC purchased a new stake in Endeavour Silver in the third quarter valued at $80,000. Quantbot Technologies LP acquired a new stake in Endeavour Silver during the 3rd quarter worth about $100,000. Finally, Walleye Capital LLC purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at about $111,000. 20.06% of the stock is 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.