Endeavour Silver (NYSE:EXK) Trading 10.2% Higher Following Analyst Upgrade

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR's stock price traded up 10.2% during mid-day trading on Wednesday after HC Wainwright raised their price target on the stock from $7.25 to $8.75. HC Wainwright currently has a buy rating on the stock. Endeavour Silver traded as high as $5.26 and last traded at $5.34. 3,673,565 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 9,058,032 shares. The stock had previously closed at $4.84.

A number of other research firms also recently commented on EXK. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Raymond James Financial started coverage on Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver currently has an average rating of "Buy" and a consensus target price of $7.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EXK. Raymond James Financial Inc. purchased a new position in Endeavour Silver during the fourth quarter worth $321,000. HighTower Advisors LLC boosted its stake in shares of Endeavour Silver by 28.3% during the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company's stock valued at $575,000 after acquiring an additional 34,700 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in Endeavour Silver by 0.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company's stock worth $39,545,000 after purchasing an additional 99,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after purchasing an additional 3,581,936 shares in the last quarter. Finally, Swiss National Bank raised its stake in Endeavour Silver by 2.1% in the 4th quarter. Swiss National Bank now owns 485,900 shares of the mining company's stock valued at $1,781,000 after purchasing an additional 9,800 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Stock Up 1.2%

The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -20.56 and a beta of 1.50. The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average is $4.22 and its two-hundred day moving average is $4.00.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $83.10 million. On average, sell-side analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current year.

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.