Endeavour Silver (NYSE:EXK) Trading Up 7.4% Following Better-Than-Expected Earnings

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) was up 7.4% during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $4.80 and last traded at $4.85. Approximately 1,888,452 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 9,203,068 shares. The stock had previously closed at $4.52.

The mining company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. HC Wainwright raised their price objective on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday. Finally, TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new position in Endeavour Silver during the fourth quarter worth about $36,000. Alpha Cubed Investments LLC acquired a new position in Endeavour Silver during the fourth quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Endeavour Silver during the fourth quarter worth approximately $43,000. Farringdon Capital Ltd. purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $55,000. Finally, Oxford Asset Management LLP purchased a new stake in Endeavour Silver during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Up 2.7 %

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 firm has a market capitalization of $1.22 billion, a PE ratio of -35.70 and a beta of 1.55. The firm’s 50 day moving average price is $3.84 and its two-hundred day moving average price is $4.02.

About Endeavour Silver

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.