Endeavour Silver (NYSE:EXK) Shares Up 10.2% on Analyst Upgrade

Shares of Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR 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 trading, a decline of 59% from the average session volume of 9,058,032 shares. The stock had previously closed at $4.84.

Other equities analysts also recently issued reports about the stock. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Raymond James Financial started coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They issued an "outperform" rating for the company. Finally, National Bank Financial upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Endeavour Silver currently has a consensus rating of "Buy" and an average target price of $7.50.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently modified their holdings of the business. Schroder Investment Management Group acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $43,000. Hohimer Wealth Management LLC grew its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after buying an additional 2,915 shares during the period. Caitong International Asset Management Co. Ltd grew its position 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 worth $61,000 after buying an additional 14,356 shares during the period. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Stock Performance

The firm's 50-day moving average price is $4.31 and its 200 day moving average price is $4.03. 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 $1.69 billion, a price-to-earnings ratio of -22.38 and a beta of 1.50.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The business had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. On average, sell-side analysts anticipate 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.