Endeavour Silver (NYSE:EXK) Hits New 12-Month High - Here's Why

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares hit a new 52-week high during trading on Friday . The company 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXK shares. HC Wainwright upped their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial initiated coverage on shares of Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Endeavour Silver currently has an average rating of "Buy" and a consensus price target of $7.50.

Endeavour Silver Stock Performance

The stock has a 50 day moving average of $4.31 and a 200 day moving average of $4.04. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -22.07 and a beta of 1.50.

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

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the 4th quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Endeavour Silver in the fourth quarter valued at about $43,000. Hohimer Wealth Management LLC raised its stake in Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after acquiring an additional 2,915 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Endeavour Silver by 46,309.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock worth $61,000 after acquiring an additional 14,356 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new position in shares of Endeavour Silver in the fourth quarter worth about $55,000. 20.06% of the stock is currently 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.