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

Key Points

• Endeavour Silver Corporation's share price reached a new 52-week high at $8.53, with a recent trading volume of 326,544 shares.
• Analysts have upgraded their price targets for Endeavour Silver, with CIBC raising it from $7.25 to $10.00 and analysts giving the stock a consensus rating of "Moderate Buy."
• The company reported a loss of $0.03 EPS for the last quarter, missing the analysts' estimates, despite achieving a revenue of $85.30 million.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's share price reached a new 52-week high during trading on Thursday . The stock traded as high as $8.53 and last traded at $8.45, with a volume of 326544 shares. The stock had previously closed at $8.27.

Analysts Set New Price Targets

EXK has been the subject of several recent analyst reports. CIBC raised their target price on 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 reaffirmed 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 report on Thursday, June 12th. HC Wainwright raised their price objective on shares of Endeavour Silver from $8.75 to $9.75 and gave the stock a "buy" rating in a report on Thursday. 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 analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.67.

Endeavour Silver Trading Down 8.1%

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 business's 50 day moving average price is $6.33 and its 200-day moving average price is $5.01. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -28.15 and a beta of 1.29.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $85.30 million during the quarter, compared to analyst estimates of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. On average, equities analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently made changes to their positions in EXK. Public Employees Retirement System of Ohio increased its holdings in Endeavour Silver by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock worth $362,000 after acquiring an additional 2,129 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Endeavour Silver by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company's stock valued at $203,000 after buying an additional 2,161 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after acquiring an additional 2,915 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Endeavour Silver by 23.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock worth $113,000 after buying an additional 5,116 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Endeavour Silver by 3.8% in the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock worth $714,000 after purchasing an additional 5,303 shares during the last quarter. 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.

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