Endeavour Silver (NYSE:EXK) Stock Price Up 4.7% - Should You Buy?

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price traded up 4.7% on Tuesday . The company traded as high as $5.17 and last traded at $5.15. 2,152,424 shares traded hands during trading, a decline of 76% from the average session volume of 8,904,019 shares. The stock had previously closed at $4.92.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EXK shares. HC Wainwright reissued a "buy" rating and set a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, May 14th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Wall Street Zen raised shares of Endeavour Silver to a "sell" rating in a report on Wednesday, May 14th. Finally, Raymond James Financial began coverage on shares of Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $6.83.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -19.31 and a beta of 1.50. The business has a fifty day moving average price of $4.11 and a 200 day moving average price of $3.97.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The business had revenue of $63.50 million during the quarter, compared to the consensus estimate of $83.10 million. Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. As a group, research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new stake in Endeavour Silver in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver during the fourth quarter worth $43,000. Hohimer Wealth Management LLC lifted its stake in shares of Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock valued at $56,000 after acquiring an additional 2,915 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Endeavour Silver by 46,309.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company's stock valued at $61,000 after acquiring an additional 14,356 shares in the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at $55,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.