Endeavour Silver (NYSE:EXK) Stock Price Up 18.9% - Time to Buy?

Key Points

• Shares jumped 18.9% intraday to about $11.07 (from $9.31) on Thursday, though trading volume was roughly 2.96 million shares — about 75% below its average daily volume of 11.84 million.
• Analysts are broadly positive, with a consensus rating of "Moderate Buy" and an average price target of $14.50 (consisting of 2 Strong Buy, 6 Buy, 1 Hold and 1 Sell).
• Fundamentals are mixed: the company posted an EPS beat ($0.21 vs. $0.10 expected) but still shows a negative net margin and negative P/E, with a market capitalization near $2.99 billion.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR was up 18.9% during mid-day trading on Thursday . The stock traded as high as $10.95 and last traded at $11.0670. Approximately 2,961,607 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 11,836,794 shares. The stock had previously closed at $9.31.

Analyst Ratings Changes

A number of brokerages have recently commented on EXK. iA Financial set a $11.00 price objective on shares of Endeavour Silver in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, February 4th. B. Riley Financial raised their price objective on Endeavour Silver from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Raymond James Financial reissued an "outperform" rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Finally, Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Stock Up 8.4%

The business's fifty day moving average price is $10.15 and its 200 day moving average price is $9.95. The company has a market capitalization of $2.99 billion, a P/E ratio of -24.03 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.30 and a debt-to-equity ratio of 0.41.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings data on Tuesday, May 12th. The mining company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. As a group, equities research analysts predict that Endeavour Silver Corporation will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company's stock worth $43,000 after acquiring an additional 3,647 shares during the period. Signaturefd LLC bought a new position in shares of Endeavour Silver during the 4th quarter worth about $47,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Endeavour Silver during the 1st quarter worth about $55,000. Andina Capital Management LLC bought a new position in shares of Endeavour Silver during the 3rd quarter worth about $89,000. Finally, Swiss Life Asset Management Ltd bought a new position in shares of Endeavour Silver during the 3rd quarter worth about $92,000. 20.06% of the stock is owned by institutional investors.

About Endeavour Silver

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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