Endeavour Silver (NYSE:EXK) Hits New 12-Month High - Should You Buy?

Key Points

• Endeavour Silver shares reached a new 52-week high at $6.77, a significant increase from the previous closing price of $6.18, with over 27 million shares traded.
• Analysts have upgraded Endeavour Silver's rating from "sell" to "hold," with new price targets ranging from $8.75 to $10.00, indicating positive market sentiment.
• For the latest quarter, Endeavour Silver reported a (0.03) EPS, missing estimates, but had revenue of $85.30 million, surpassing the consensus estimate of $81.48 million.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price hit a new 52-week high during trading on Saturday . The stock traded as high as $6.77 and last traded at $6.76, with a volume of 27436207 shares. The stock had previously closed at $6.18.

Analysts Set New Price Targets

Several equities research analysts recently commented on EXK shares. HC Wainwright boosted their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. CIBC lifted their price target on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Stock Performance

The firm's fifty day moving average price is $5.80 and its 200-day moving average price is $4.75. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.36 billion, a P/E ratio of -29.94 and a beta of 1.30.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. As a group, research analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Endeavour Silver by 239.2% during the fourth quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock worth $938,000 after buying an additional 180,800 shares during the last quarter. Invesco Ltd. grew its stake in Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock worth $14,098,000 after buying an additional 1,185,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Endeavour Silver by 17.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock worth $361,000 after purchasing an additional 12,660 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Endeavour Silver by 88.4% during the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock worth $2,664,000 after purchasing an additional 341,468 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock worth $5,590,000 after purchasing an additional 747,556 shares in the last quarter. 20.06% of the stock is owned by institutional investors.

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.