Endeavour Silver (NYSE:EXK) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Endeavour Silver shares rose above their 200-day moving average, reaching $11.02 before closing at $10.60 on heavy volume; the 200-day average is $9.79.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and a $14.50 target price, although ratings range from “Strong Buy” to “Sell.”
• The company met quarterly EPS expectations at $0.15 and slightly exceeded revenue estimates with $212.1 million; institutional investors own 20.06% of the stock.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.79 and traded as high as $11.02. Endeavour Silver shares last traded at $10.60, with a volume of 6,630,147 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXK shares. HC Wainwright reiterated a "buy" rating and set a $17.00 target price on shares of Endeavour Silver in a report on Thursday, July 9th. Wall Street Zen lowered shares of Endeavour Silver from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. B. Riley Financial assumed coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They set a "buy" rating and a $14.00 price objective for the company. Finally, Zacks Research raised shares of Endeavour Silver from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $14.50.

Endeavour Silver Stock Performance

The stock has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $9.79. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 50.48 and a beta of 1.35.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, analysts predict that Endeavour Silver Corporation will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently added to or reduced their stakes in EXK. Quantbot Technologies LP acquired a new stake in shares of Endeavour Silver during the second quarter valued at about $1,588,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Endeavour Silver in the second quarter worth about $4,951,000. BlackRock Inc. acquired a new position in shares of Endeavour Silver in the second quarter worth about $2,224,000. Deutsche Bank AG purchased a new position in Endeavour Silver in the second quarter valued at about $10,192,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Endeavour Silver in the second quarter valued at about $29,000. 20.06% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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