Endeavour Silver (NYSE:EXK) Shares Up 4.5% - Still a Buy?

Key Points

• Endeavour Silver's shares rose by 4.5% to $6.41, with 2,173,223 shares traded, indicating a significant decrease in trading volume compared to its average session.
• Multiple brokerages have upgraded their ratings on Endeavour Silver, with HC Wainwright setting a target price of $8.75 and labeling it a "buy."
• The company reported a loss of ($0.03) EPS in its latest quarterly earnings, missing analysts' estimates, despite revenue of $85.30 million exceeding expectations.

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shot up 4.5% during trading on Friday . The company traded as high as $6.40 and last traded at $6.41. 2,173,223 shares changed hands during trading, a decline of 81% from the average session volume of 11,671,222 shares. The stock had previously closed at $6.13.

Analyst Ratings Changes

A number of brokerages recently commented on EXK. HC Wainwright upped their price target on shares of Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a research note on Wednesday, July 9th. National Bankshares restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. CIBC upped their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Endeavour Silver has an average rating of "Buy" and an average target price of $8.33.

Endeavour Silver Stock Up 1.5%

The stock's fifty day moving average is $5.63 and its two-hundred day moving average is $4.60. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.82 billion, a P/E ratio of -23.09 and a beta of 1.30.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. As a group, research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Endeavour Silver by 239.2% during the 4th quarter. Bank of America Corp DE now owns 256,399 shares of the mining company's stock valued at $938,000 after buying an additional 180,800 shares in the last quarter. Deutsche Bank AG raised its position in shares of Endeavour Silver by 5,119.2% during the 4th quarter. Deutsche Bank AG now owns 416,856 shares of the mining company's stock valued at $1,526,000 after buying an additional 408,869 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Endeavour Silver during the 4th quarter valued at $732,000. Two Sigma Investments LP raised its position in shares of Endeavour Silver by 88.4% during the 4th quarter. Two Sigma Investments LP now owns 727,762 shares of the mining company's stock valued at $2,664,000 after buying an additional 341,468 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Endeavour Silver by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock valued at $361,000 after buying an additional 12,660 shares in the last quarter. Hedge funds and other institutional investors 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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