Endeavour Silver (NYSE:EXK) Trading 8.8% Higher - Time to Buy?

Key Points

• Endeavour Silver Corporation shares rose by 8.8%, trading at $6.73 after a previous close of $6.18, with trading volume exceeding average levels.
• Despite the positive price movement, the company reported a loss of ($0.03) earnings per share in its last earnings report, missing expectations.
• Wall Street analysts have given the stock a consensus rating of "Buy" with a target price of $8.33, after multiple upgrades to ratings in recent months.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares traded up 8.8% on Friday . The stock traded as high as $6.71 and last traded at $6.73. 12,281,896 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 11,836,620 shares. The stock had previously closed at $6.18.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, CIBC boosted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $8.33.

Endeavour Silver Stock Up 9.4%

The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $5.74 and its 200-day simple moving average is $4.69. The firm has a market capitalization of $1.98 billion, a P/E ratio of -25.04 and a beta of 1.30.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $85.30 million during the quarter, compared to analysts' expectations of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, research analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in shares of Endeavour Silver by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company's stock valued at $362,000 after buying an additional 2,129 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company's stock valued at $203,000 after buying an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC raised 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 valued at $56,000 after buying an additional 2,915 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company's stock valued at $113,000 after buying an additional 5,116 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock valued at $714,000 after buying an additional 5,303 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

About Endeavour Silver

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.

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