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

Key Points

• Endeavour Silver Corporation reached a new 52-week high of $6.07 in trading, closing at $5.92 with a trading volume of 582,338 shares.
• Analysts have shown optimism about the stock, with ratings of "strong buy" and "buy" from multiple firms, and an average target price set at $8.33.
• The company reported a quarterly loss of ($0.03) earnings per share, falling short of the expected profit while generating $85.30 million in revenue.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's share price reached a new 52-week high on Thursday . The company traded as high as $6.07 and last traded at $5.92, with a volume of 582338 shares. The stock had previously closed at $5.94.

Analysts Set New Price Targets

EXK has been the subject of a number of analyst reports. CIBC increased their target price 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. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, July 16th. HC Wainwright increased their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Endeavour Silver has an average rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Trading Up 6.5%

The stock's 50 day moving average is $5.40 and its 200-day moving average is $4.48. The company has a market capitalization of $1.82 billion, a P/E ratio of -23.22 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65.

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

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in EXK. ORG Partners LLC purchased a new stake in shares of Endeavour Silver during the second quarter valued at approximately $29,000. Total Investment Management Inc. purchased a new stake in shares of Endeavour Silver during the second quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $43,000. Hohimer Wealth Management LLC grew its holdings 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 buying an additional 2,915 shares during the last quarter. Finally, Centric Wealth Management purchased a new stake in shares of Endeavour Silver during the second quarter valued at approximately $60,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

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.