Endeavour Silver (NYSE:EXK) Shares Gap Up - Time to Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price gapped up before the market opened on Monday . The stock had previously closed at $3.78, but opened at $4.00. Endeavour Silver shares last traded at $3.86, with a volume of 1,209,159 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EXK shares. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a report on Friday, February 28th. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. HC Wainwright reissued a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Thursday, April 10th. Finally, Raymond James initiated coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $6.63.

Endeavour Silver Stock Performance

The business's fifty day moving average is $4.00 and its two-hundred day moving average is $4.13. The stock has a market capitalization of $994.34 million, a PE ratio of -27.92 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. As a group, research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently added to or reduced their stakes in EXK. Tidal Investments LLC boosted its position in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock valued at $40,914,000 after buying an additional 3,869,920 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after acquiring an additional 3,581,936 shares during the period. Millennium Management LLC purchased a new position in Endeavour Silver during the 4th quarter valued at $7,930,000. American Century Companies Inc. grew its position in Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after acquiring an additional 1,937,150 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after purchasing an additional 1,780,405 shares during the period. 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.