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

Key Points

• Endeavour Silver Corporation (NYSE:EXK) shares have hit a new 52-week high, reaching $8.28, up from a previous close of $7.84, with a substantial trading volume of over 2.3 million shares.
• The company reported a loss of $0.03 EPS for the last quarter, missing analysts' expectations, despite having a revenue of $85.30 million.
• Analysts have varied ratings on Endeavour Silver, with three giving a Strong Buy rating, while the average rating remains a Buy with a consensus target price of $8.33.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares reached a new 52-week high on Wednesday . The stock traded as high as $8.28 and last traded at $8.27, with a volume of 2303118 shares. The stock had previously closed at $7.84.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXK shares. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Zacks Research lowered shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. CIBC lifted their price target on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, HC Wainwright lifted their price target on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Endeavour Silver presently has an average rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.33 billion, a P/E ratio of -29.46 and a beta of 1.30. The company's 50-day simple moving average is $6.06 and its 200 day simple moving average is $4.88.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $85.30 million during 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, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Endeavour Silver by 239.2% during the 4th 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 period. Invesco Ltd. boosted its holdings in shares of Endeavour Silver by 56.0% during the 1st 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 period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock worth $361,000 after buying an additional 12,660 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock worth $5,590,000 after buying an additional 747,556 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Endeavour Silver by 12.9% during the 1st quarter. American Century Companies Inc. now owns 2,999,992 shares of the mining company's stock worth $12,810,000 after buying an additional 342,419 shares during the period. 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.

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