Endeavour Silver (NYSE:EXK) Hits New 1-Year High - Here's Why

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR reached a new 52-week high during trading on Friday . The stock traded as high as $5.68 and last traded at $5.58, with a volume of 2939272 shares changing hands. The stock had previously closed at $5.44.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXK shares. Raymond James Financial assumed coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They issued an "outperform" rating on the stock. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, HC Wainwright boosted their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Endeavour Silver has an average rating of "Buy" and a consensus price target of $7.50.

Endeavour Silver Trading Up 7.0%

The stock's fifty day simple moving average is $4.31 and its 200-day simple moving average is $4.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. The firm has a market cap of $1.69 billion, a PE ratio of -22.38 and a beta of 1.50.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. On average, sell-side analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in 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 last quarter. Deutsche Bank AG increased its stake in shares of Endeavour Silver by 5,119.2% in the fourth quarter. Deutsche Bank AG now owns 416,856 shares of the mining company's stock worth $1,526,000 after acquiring an additional 408,869 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Endeavour Silver by 82.4% during the fourth quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company's stock worth $677,000 after purchasing an additional 83,600 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Endeavour Silver during the fourth quarter valued at $732,000. Finally, Two Sigma Investments LP boosted its holdings in Endeavour Silver by 88.4% in the fourth quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock valued at $2,664,000 after purchasing an additional 341,468 shares during the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

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.