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

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's share price gapped up prior to trading on Monday . The stock had previously closed at $3.61, but opened at $3.76. Endeavour Silver shares last traded at $4.02, with a volume of 5,206,477 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on EXK. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. Wall Street Zen upgraded Endeavour Silver to a "sell" rating in a research report on Wednesday, May 14th. HC Wainwright reiterated a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, May 14th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver presently has an average rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Price Performance

The stock has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $3.89. The firm has a market cap of $1.32 billion, a PE ratio of -35.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Sell-side analysts expect that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Endeavour Silver by 162.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company's stock worth $2,252,000 after purchasing an additional 326,508 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Endeavour Silver by 133.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock worth $5,590,000 after purchasing an additional 747,556 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Endeavour Silver in the 1st quarter worth approximately $100,000. Millennium Management LLC lifted its stake in Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company's stock worth $10,483,000 after purchasing an additional 289,096 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Endeavour Silver by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company's stock worth $28,279,000 after purchasing an additional 680,802 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other 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.