Endeavour Silver (NYSE:EXK) Shares Up 3% – Here’s What Happened

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price was up 3% during trading on Thursday . The company traded as high as $3.80 and last traded at $3.79. Approximately 464,601 shares were traded during trading, a decline of 92% from the average daily volume of 5,561,851 shares. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

EXK has been the subject of several recent research reports. TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Wednesday, December 18th. Alliance Global Partners boosted their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Tuesday. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Down 1.3 %

The firm’s fifty day simple moving average is $4.46 and its two-hundred day simple moving average is $4.00. The company has a market capitalization of $967.96 million, a price-to-earnings ratio of -28.38 and a beta of 1.62. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in shares of Endeavour Silver in the 2nd quarter worth approximately $589,000. Quest Partners LLC acquired a new position in Endeavour Silver during the third quarter worth $964,000. Van ECK Associates Corp boosted its position in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock worth $98,994,000 after buying an additional 658,215 shares during the period. National Bank of Canada FI grew its stake in shares of Endeavour Silver by 5,735.0% in the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after buying an additional 431,274 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver in the 3rd quarter valued at $1,382,000. 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.