Endeavour Silver (NYSE:EXK) Stock Price Up 5.8% - Here's Why

Key Points

• Shares rose 5.8% to $9.055 on Friday (intraday high $9.05) on markedly lower volume—2.08 million shares versus an average of about 13.9 million.
• Wall Street sentiment is broadly positive with an average rating of "Moderate Buy" and a consensus price target of $14.50, though analyst views are mixed (two Strong Buy, six Buy, two Sell).
• Recent fundamentals disappointed: Q4 EPS of $0.02 missed the $0.03 estimate and revenue was $172.6M vs. $228M expected, leaving the company with a negative net margin (~−27.5%) and a market cap of about $2.63 billion.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shot up 5.8% on Friday . The company traded as high as $9.05 and last traded at $9.0550. 2,075,073 shares were traded during trading, a decline of 85% from the average session volume of 13,897,132 shares. The stock had previously closed at $8.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXK shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Endeavour Silver in a research report on Monday, January 19th. B. Riley Financial raised their price target on Endeavour Silver from $11.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. iA Financial set a $11.00 price objective on shares of Endeavour Silver in a research report on Friday, January 9th. Zacks Research downgraded shares of Endeavour Silver from a "hold" rating to a "strong sell" rating in a report on Monday, March 16th. Finally, Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Endeavour Silver currently has an average rating of "Moderate Buy" and a consensus price target of $14.50.

Endeavour Silver Stock Up 3.8%

The company has a market cap of $2.63 billion, a price-to-earnings ratio of -21.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 1.30. The firm has a 50-day moving average price of $11.62 and a 200 day moving average price of $9.53.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $172.60 million for the quarter, compared to analyst estimates of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. Sell-side analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock worth $85,474,000 after acquiring an additional 3,005,563 shares during the period. Van ECK Associates Corp boosted its holdings in Endeavour Silver by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company's stock valued at $92,071,000 after purchasing an additional 261,196 shares during the period. Vanguard Group Inc. boosted its holdings in Endeavour Silver by 83.5% in the 4th quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company's stock valued at $74,303,000 after purchasing an additional 3,594,123 shares during the period. Condire Management LP grew its position in shares of Endeavour Silver by 50.1% during the 4th quarter. Condire Management LP now owns 4,503,543 shares of the mining company's stock worth $42,333,000 after purchasing an additional 1,503,543 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock worth $34,965,000 after buying an additional 2,374,365 shares in the last quarter. Institutional investors own 20.06% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.