Endeavour Silver (NYSE:EXK) Shares Up 4.5% - Here's Why

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.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price shot up 4.5% during trading on Friday . The stock traded as high as $6.40 and last traded at $6.41. 2,173,223 shares traded 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.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXK. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, CIBC boosted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $8.33.

Endeavour Silver Stock Up 5.0%

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 stock's 50-day simple moving average is $5.70 and its 200-day simple moving average is $4.66. The firm has a market capitalization of $1.91 billion, a P/E ratio of -24.30 and a beta of 1.30.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Total Investment Management Inc. bought a new position in shares of Endeavour Silver during the 2nd quarter valued at approximately $41,000. Squarepoint Ops LLC boosted its holdings in Endeavour Silver by 163.7% in the 2nd quarter. Squarepoint Ops LLC now owns 113,714 shares of the mining company's stock worth $559,000 after buying an additional 70,598 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Endeavour Silver in the 2nd quarter worth approximately $613,000. CANADA LIFE ASSURANCE Co boosted its holdings in Endeavour Silver by 545.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 131,502 shares of the mining company's stock worth $637,000 after buying an additional 111,121 shares during the period. Finally, Vident Advisory LLC boosted its holdings in Endeavour Silver by 9.1% in the 2nd quarter. Vident Advisory LLC now owns 248,967 shares of the mining company's stock worth $1,225,000 after buying an additional 20,817 shares during the period. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Company Profile

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.