Endeavour Silver (NYSE:EXK) Trading Up 7.1% – Should You Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) were up 7.1% during trading on Friday . The stock traded as high as $4.59 and last traded at $4.55. Approximately 2,271,201 shares traded hands during trading, a decline of 58% from the average daily volume of 5,355,936 shares. The stock had previously closed at $4.25.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXK shares. CIBC upped their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, HC Wainwright reduced their target price on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.06.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The business’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $3.54. The stock has a market capitalization of $1.17 billion, a P/E ratio of -228.00 and a beta of 1.71.

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

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently made changes to their positions in EXK. Blue Trust Inc. lifted its stake in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Endeavour Silver by 53.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock worth $416,000 after buying an additional 41,300 shares during the period. Mackenzie Financial Corp bought a new position in Endeavour Silver in the second quarter worth approximately $314,000. XTX Topco Ltd raised its holdings in shares of Endeavour Silver by 768.2% in the second quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after acquiring an additional 89,288 shares in the last quarter. Finally, Perissos Private Wealth Management LLC lifted its position in shares of Endeavour Silver by 58.2% in the 2nd quarter. Perissos Private Wealth Management LLC now owns 47,683 shares of the mining company’s stock worth $168,000 after purchasing an additional 17,550 shares during the period. Hedge funds and other 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.