Endeavour Silver (NYSE:EXK) Shares Gap Up Following Analyst Upgrade

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares gapped up prior to trading on Tuesday after Alliance Global Partners raised their price target on the stock from $5.25 to $6.25. The stock had previously closed at $5.15, but opened at $5.32. Alliance Global Partners currently has a buy rating on the stock. Endeavour Silver shares last traded at $5.51, with a volume of 1,847,809 shares traded.

Several other equities research analysts have also recently weighed in on EXK. CIBC boosted 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. HC Wainwright cut their price objective on shares of Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hohimer Wealth Management LLC bought a new position in Endeavour Silver during the second quarter valued at $42,000. Baader Bank Aktiengesellschaft bought a new position in shares of Endeavour Silver in the second quarter worth about $42,000. SG Americas Securities LLC grew its holdings in shares of Endeavour Silver by 61.6% in the first quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after purchasing an additional 7,852 shares during the last quarter. Oxbow Advisors LLC bought a new position in shares of Endeavour Silver in the second quarter worth about $51,000. Finally, Oak Family Advisors LLC bought a new position in shares of Endeavour Silver in the second quarter worth about $55,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Down 1.5 %

The stock’s fifty day moving average price is $3.75 and its 200 day moving average price is $3.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The stock has a market capitalization of $1.33 billion, a P/E ratio of -270.50 and a beta of 1.71.

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

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.