Endeavour Silver (NYSE:EXK) Sets New 12-Month High - Still a Buy?

Key Points

• Endeavour Silver's share price reached a new 52-week high of $6.74 during mid-day trading, with the stock last trading at $6.49.
• Several analysts have rated Endeavour Silver positively, with the company currently holding a consensus rating of "Buy" and an average price target of $8.33.
• Despite reaching impressive stock valuations, Endeavour Silver reported a (0.03) EPS for the quarter, missing estimates and reflecting ongoing challenges with profitability.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.74 and last traded at $6.49, with a volume of 1595768 shares trading hands. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXK shares. HC Wainwright boosted their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. CIBC lifted their price target on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded 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 given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $8.33.

Endeavour Silver Price Performance

The firm has a market capitalization of $1.75 billion, a P/E ratio of -22.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. The business has a 50 day simple moving average of $5.55 and a two-hundred day simple moving average of $4.55.

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 return on equity of 0.62% and a negative net margin of 28.49%.The business had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. On average, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Endeavour Silver by 239.2% in the 4th quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock worth $938,000 after purchasing an additional 180,800 shares in the last quarter. Deutsche Bank AG boosted its holdings in Endeavour Silver by 5,119.2% during the 4th quarter. Deutsche Bank AG now owns 416,856 shares of the mining company's stock valued at $1,526,000 after acquiring an additional 408,869 shares during the period. BNP Paribas Financial Markets purchased a new stake in Endeavour Silver during the 4th quarter valued at about $732,000. Two Sigma Investments LP raised its position in Endeavour Silver by 88.4% during the 4th 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. Finally, Cambridge Investment Research Advisors Inc. raised its position in Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock valued at $361,000 after purchasing an additional 12,660 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.