Endeavour Silver (NYSE:EXK) Trading 8.8% Higher - Still a 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's stock price rose 8.8% on Friday . The company traded as high as $6.71 and last traded at $6.73. Approximately 12,281,896 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 11,836,620 shares. The stock had previously closed at $6.18.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised Endeavour Silver from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. HC Wainwright lifted their price target on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, CIBC lifted their price target on Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Endeavour Silver has a consensus rating of "Buy" and an average target price of $8.33.

Endeavour Silver Trading Up 15.9%

The firm has a market cap of $2.29 billion, a P/E ratio of -29.02 and a beta of 1.30. The firm has a fifty day moving average of $5.80 and a 200-day moving average of $4.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93.

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

Institutional Trading of Endeavour Silver

Several hedge funds have recently added to or reduced their stakes in EXK. Millennium Management LLC bought a new position in Endeavour Silver in the 4th quarter valued at about $7,930,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Endeavour Silver by 19.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company's stock valued at $38,852,000 after acquiring an additional 1,274,094 shares in the last quarter. Invesco Ltd. increased its stake in shares of Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company's stock valued at $14,098,000 after acquiring an additional 1,185,100 shares during the period. Bastion Asset Management Inc. bought a new stake in Endeavour Silver during the second quarter worth approximately $5,621,000. Finally, Azarias Capital Management L.P. acquired a new stake in Endeavour Silver in the second quarter worth approximately $5,606,000. Institutional investors own 20.06% of the company's stock.

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.