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

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

Analyst Ratings Changes

EXK has been the subject of several research reports. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Raymond James initiated coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright restated a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded Endeavour Silver to a "sell" rating in a research note on Wednesday, May 14th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $6.63.

Endeavour Silver Trading Down 1.1%

The company's fifty day moving average price is $3.64 and its two-hundred day moving average price is $3.88. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -34.62 and a beta of 1.42.

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) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $63.50 million for the quarter, compared to the consensus estimate of $83.10 million. Research analysts expect that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group acquired a new stake in Endeavour Silver in the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. bought a new position in Endeavour Silver in the 4th quarter worth approximately $55,000. Hohimer Wealth Management LLC raised its position in Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in Endeavour Silver in the 4th quarter valued at $57,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.