Endeavour Silver (NYSE:EXK) Shares Gap Up - Still a Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.80, but opened at $4.95. Endeavour Silver shares last traded at $4.84, with a volume of 1,588,809 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Endeavour Silver to a "sell" rating in a research note on Wednesday, May 14th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. HC Wainwright restated a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, May 14th. Raymond James started coverage on Endeavour Silver in a research note on Friday, March 21st. They issued an "outperform" rating on the stock. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.63.

Endeavour Silver Trading Up 1.1%

The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -37.19 and a beta of 1.42. The business has a fifty day simple moving average of $3.83 and a 200 day simple moving average of $3.90.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $83.10 million. On average, equities analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new position in shares of Endeavour Silver in the fourth quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Endeavour Silver in the 4th quarter worth approximately $43,000. Hohimer Wealth Management LLC lifted its position in Endeavour Silver by 28.9% in the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after purchasing an additional 2,915 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Endeavour Silver by 46,309.7% in the 1st 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 period. Finally, Farringdon Capital Ltd. purchased a new position in shares of Endeavour Silver in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 20.06% of the company's stock.

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.

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