Endeavour Silver (NYSE:EXK) Shares Up 3.1%

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shot up 3.1% during mid-day trading on Friday . The stock traded as high as $3.75 and last traded at $3.71. 426,671 shares were traded during mid-day trading, a decline of 92% from the average session volume of 5,382,304 shares. The stock had previously closed at $3.60.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXK. CIBC increased their price target on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Alliance Global Partners increased their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. HC Wainwright decreased their price objective on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, BMO Capital Markets began coverage on shares of Endeavour Silver in a research report on Monday, June 17th. They set an “outperform” rating and a $6.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.13.

Endeavour Silver Price Performance

The company’s 50 day moving average is $3.56 and its two-hundred day moving average is $3.26. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $885.12 million, a PE ratio of -180.50 and a beta of 1.70.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. On average, analysts anticipate that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after buying an additional 6,800 shares during the period. SG Americas Securities LLC raised its position in Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after purchasing an additional 7,852 shares in the last quarter. Rathbones Group PLC increased its stake in shares of Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after buying an additional 8,500 shares during the period. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver in the second quarter valued at about $42,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Endeavour Silver in the second quarter worth about $42,000. Institutional investors own 20.06% of the company’s stock.

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.