Endeavour Silver (NYSE:EXK) Shares Gap Up - Here's Why

Key Points

• Endeavour Silver shares gapped up from a previous close of $7.40 to an opening price of $7.61, indicating increased investor interest.
• Analyst ratings vary significantly, with HC Wainwright raising the target price to $8.75 and Zacks Research downgrading to a strong sell, leading to a consensus rating of Buy.
• Despite a negative EPS of ($0.03) this past quarter, the company surpassed revenue expectations with $85.30 million reported.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares gapped up prior to trading on Thursday . The stock had previously closed at $7.40, but opened at $7.61. Endeavour Silver shares last traded at $7.48, with a volume of 1,712,928 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. HC Wainwright lifted their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. CIBC lifted their target price on Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares reaffirmed an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Finally, Zacks Research cut Endeavour Silver from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Trading Up 1.4%

The firm has a market cap of $2.19 billion, a P/E ratio of -27.77 and a beta of 1.30. The company has a 50 day moving average of $5.88 and a 200 day moving average of $4.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly 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 firm had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. Analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new position in shares of Endeavour Silver during the second quarter worth approximately $29,000. Total Investment Management Inc. acquired a new position in shares of Endeavour Silver during the second quarter worth approximately $41,000. Hohimer Wealth Management LLC lifted 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 worth $56,000 after buying an additional 2,915 shares during the last quarter. Centric Wealth Management acquired a new position in shares of Endeavour Silver during the second quarter worth approximately $60,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Endeavour Silver by 46,309.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock worth $61,000 after buying an additional 14,356 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.