Endeavour Silver (NYSE:EXK) Shares Gap Up - Should You Buy?

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR 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 trading hands.

Analyst Upgrades and Downgrades

EXK has been the subject of several analyst reports. Raymond James Financial initiated coverage on Endeavour Silver in a research note on Friday, March 21st. They issued an "outperform" rating for the company. Wall Street Zen raised shares of Endeavour Silver to a "sell" rating in a research note on Wednesday, May 14th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. HC Wainwright restated a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, May 14th. Finally, National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $6.83.

Endeavour Silver Price Performance

The company has a market capitalization of $1.36 billion, a PE ratio of -18.06 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average is $3.90 and its 200-day moving average is $3.92.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The firm had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. Equities analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its position in Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after purchasing an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. grew its position in Endeavour Silver by 0.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock worth $39,545,000 after acquiring an additional 99,900 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Endeavour Silver by 122.1% during the fourth 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 purchasing an additional 3,581,936 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Endeavour Silver by 12.1% in the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock worth $15,865,000 after buying an additional 401,394 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.