Endeavour Silver (NYSE:EXK) Shares Gap Up – Time to 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 trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EXK shares. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating on the stock. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners upped their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, HC Wainwright reduced their price target on 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Stock Performance

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 business has a 50 day moving average price of $3.92 and a two-hundred day moving average price of $4.00. The stock has a market cap of $961.40 million, a P/E ratio of -28.19 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently made changes to their positions in the company. Alpha Cubed Investments LLC bought a new stake in Endeavour Silver in the 4th quarter worth approximately $37,000. Blue Trust Inc. grew its holdings in shares of Endeavour Silver by 139.6% in 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 in the last quarter. Virtu Financial LLC bought a new stake in Endeavour Silver in the third quarter worth $80,000. Quantbot Technologies LP purchased a new stake in Endeavour Silver during the third quarter valued at $100,000. Finally, Walleye Capital LLC bought a new position in Endeavour Silver during the third quarter valued at $111,000. 20.06% of the stock is owned by 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.