Endeavour Silver (NYSE:EXK) Shares Up 8.3% - What's Next?

Key Points

• Endeavour Silver's stock surged by 8.3% on Thursday, reaching a peak of $10.00 before closing at $10.27, despite a significant drop in trading volume.
• Analysts have mixed opinions on the stock, with ratings ranging from "Strong Buy" to "Sell," and a current average target price of $8.67.
• The company reported a negative net margin of 28.49% and missed earnings estimates in its recent quarterly results, showing a loss of ($0.03) EPS compared to an expected $0.01 EPS.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shot up 8.3% during trading on Thursday . The stock traded as high as $10.00 and last traded at $10.27. 3,424,793 shares were traded during mid-day trading, a decline of 73% from the average session volume of 12,546,693 shares. The stock had previously closed at $9.49.

Wall Street Analyst Weigh In

Several research firms have commented on EXK. 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 research report on Tuesday, July 15th. Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a research report on Friday, October 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, HC Wainwright upped their target price on shares of Endeavour Silver from $8.75 to $9.75 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.67.

Endeavour Silver Trading Up 6.8%

The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -37.79 and a beta of 1.29. The firm's 50 day moving average is $6.65 and its 200 day moving average is $5.14. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. Equities analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Intact Investment Management Inc. acquired a new stake in Endeavour Silver during the first quarter valued at approximately $877,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Endeavour Silver by 17.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock valued at $361,000 after acquiring an additional 12,660 shares during the period. U S Global Investors Inc. raised its holdings in shares of Endeavour Silver by 6.5% during the first quarter. U S Global Investors Inc. now owns 452,500 shares of the mining company's stock valued at $1,930,000 after acquiring an additional 27,500 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Endeavour Silver during the first quarter valued at approximately $1,490,000. Finally, Alps Advisors Inc. raised its holdings in shares of Endeavour Silver by 599.6% during the first quarter. Alps Advisors Inc. now owns 757,522 shares of the mining company's stock valued at $3,235,000 after acquiring an additional 649,246 shares during the period. 20.06% of the stock is owned by institutional investors and hedge funds.

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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