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

Key Points

• Endeavour Silver's stock reached a new 52-week high at $9.00, closing at $8.69 with significant trading volume of over 18 million shares.
• Despite positive trends in silver prices, Endeavour Silver reported a loss of $0.03 per share, missing earnings estimates for the quarter, and holds a negative net margin of 28.49%.
• Analyst ratings vary, with a consensus of "Moderate Buy," as three analysts give it a Strong Buy rating while Zacks downgraded it to "Strong Sell."

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's share price hit a new 52-week high on Wednesday . The stock traded as high as $9.00 and last traded at $8.69, with a volume of 18941425 shares trading hands. The stock had previously closed at $8.50.

Analyst Ratings Changes

EXK has been the subject of a number of recent research reports. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Zacks Research downgraded shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. CIBC increased their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Finally, Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.67.

Endeavour Silver Trading Up 2.2%

The firm has a market capitalization of $2.54 billion, a P/E ratio of -32.17 and a beta of 1.29. The business's 50 day moving average is $6.57 and its two-hundred day moving average is $5.11. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released 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 company had revenue of $85.30 million for 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%. Analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Endeavour Silver in the second quarter valued at $29,000. Total Investment Management Inc. acquired a new stake in Endeavour Silver in the 2nd quarter valued at about $41,000. Hohimer Wealth Management LLC lifted its holdings in Endeavour Silver by 28.9% in the 1st 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 during the last quarter. Centric Wealth Management bought a new position in shares of Endeavour Silver during the 2nd quarter valued at about $60,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Endeavour Silver by 46,309.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock worth $61,000 after purchasing an additional 14,356 shares during the last quarter. Institutional investors 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.

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