Endeavour Silver (TSE:EDR) Trading 16.2% Higher - Here's What Happened

Key Points

• Shares jumped 16.2% on Thursday, trading as high as C$14.92 and last at C$14.74, on volume of 431,252 shares versus an average of about 1.58 million shares.
• Analysts are bullish with a consensus Strong Buy and a consensus target of C$19.23 after recent price-target raises (e.g., National Bank Financial C$28, TD Securities C$21, CIBC C$20).
• Endeavour reported quarterly EPS of C$0.29 and revenue of C$291.55M, but still shows negative profitability metrics (ROE -23.02%, net margin -25.75%) while carrying a C$4.09B market cap and a high beta of 3.24.

Endeavour Silver Corp. (TSE:EDR - Get Free Report) NYSE: EXK's share price shot up 16.2% on Thursday . The company traded as high as C$14.92 and last traded at C$14.74. 431,252 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,578,984 shares. The stock had previously closed at C$12.68.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EDR. National Bank Financial set a C$28.00 price target on Endeavour Silver and gave the company an "outperform" rating in a research note on Friday, April 17th. TD Securities raised their price target on Endeavour Silver from C$14.00 to C$21.00 in a research note on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce raised their price target on Endeavour Silver from C$18.00 to C$20.00 in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus target price of C$19.23.

Endeavour Silver Price Performance

The stock has a 50-day moving average price of C$13.94 and a 200 day moving average price of C$13.73. The company has a debt-to-equity ratio of 42.12, a current ratio of 1.53 and a quick ratio of 2.38. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of -32.90, a PEG ratio of 0.76 and a beta of 3.24.

Endeavour Silver (TSE:EDR - Get Free Report) NYSE: EXK last posted its earnings results on Wednesday, May 6th. The company reported C$0.29 EPS for the quarter. Endeavour Silver had a negative return on equity of 23.02% and a negative net margin of 25.75%.The business had revenue of C$291.55 million for the quarter. As a group, equities research analysts forecast that Endeavour Silver Corp. will post 0.6341991 earnings per share for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.

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