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

Key Points

• Shares gapped up premarket from $10.78 to $11.78 and last traded around $11.32 on volume ~2.06M, trading above its 50‑day ($10.32) and 200‑day ($8.08) moving averages with a market cap of about $3.35B.
• Analyst sentiment is bullish: the consensus rating is "Buy" with an average price target of $13.88 and several recent upgrades/target increases (e.g., B. Riley, HC Wainwright, National Bank Canada).
• Fundamental risks remain — the company reported a quarterly loss (EPS -$0.01 vs. $0.05 expected), missed revenue, a negative net margin of 31.18% and negative ROE, and is forecast to post roughly -$0.07 EPS for the fiscal year.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.78, but opened at $11.78. Endeavour Silver shares last traded at $11.3180, with a volume of 2,058,250 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Industrial Alliance Securities set a $11.00 price objective on shares of Endeavour Silver in a research report on Friday, January 9th. B. Riley lifted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Natl Bk Canada upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Tuesday, December 9th. HC Wainwright reissued a "buy" rating and set a $14.50 price target (up from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Finally, Cibc Captl Mkts raised Endeavour Silver from a "hold" rating to a "strong-buy" rating in a report on Monday, November 3rd. Five analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $13.88.

Endeavour Silver Stock Performance

The company has a market capitalization of $3.35 billion, a PE ratio of -33.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $8.08.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The company had revenue of $111.40 million during the quarter, compared to analysts' expectations of $162.05 million. Equities analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Total Investment Management Inc. purchased a new stake in Endeavour Silver during the 2nd quarter worth $41,000. Signaturefd LLC acquired a new stake in Endeavour Silver in the fourth quarter valued at approximately $47,000. Centric Wealth Management acquired a new stake in Endeavour Silver in the second quarter valued at approximately $60,000. Andina Capital Management LLC purchased a new stake in shares of Endeavour Silver during the third quarter valued at approximately $89,000. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Endeavour Silver during the third quarter worth $92,000. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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