Endeavour Silver (NYSE:EXK) Stock Price Up 11.9% - What's Next?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares were up 11.9% during trading on Thursday . The company traded as high as $4.75 and last traded at $4.74. Approximately 8,874,571 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 8,156,442 shares. The stock had previously closed at $4.23.

Analyst Ratings Changes

A number of research analysts have recently commented on EXK shares. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Raymond James started coverage on Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating on the stock. HC Wainwright reiterated a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Wednesday, May 14th. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Endeavour Silver has a consensus rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Stock Down 1.1%

The business has a 50 day moving average of $3.62 and a 200-day moving average of $3.88. The stock has a market cap of $1.30 billion, a PE ratio of -34.62 and a beta of 1.42. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). The firm had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Equities research analysts predict that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in Endeavour Silver during the 4th quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $43,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $55,000. Hohimer Wealth Management LLC lifted its position in 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 acquiring an additional 2,915 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 20.06% of the company's stock.

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.