Endeavour Silver (NYSE:EXK) Shares Gap Up to $2.65

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares gapped up before the market opened on Monday . The stock had previously closed at $2.65, but opened at $2.77. Endeavour Silver shares last traded at $2.79, with a volume of 1,916,760 shares.

Analysts Set New Price Targets

EXK has been the topic of a number of analyst reports. HC Wainwright reduced their price target on Endeavour Silver from $7.25 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, January 11th. TD Securities upgraded shares of Endeavour Silver from a "hold" rating to a "buy" rating in a research note on Tuesday, January 9th. Finally, StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 23rd.

Endeavour Silver Price Performance

The company has a market capitalization of $686.17 million, a PE ratio of 142.82 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $2.37 and a 200-day simple moving average of $2.07.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. The firm had revenue of $50.50 million during the quarter. Endeavour Silver had a return on equity of 2.28% and a net margin of 2.98%. During the same quarter in the previous year, the firm earned $0.04 EPS. Equities analysts anticipate that Endeavour Silver Corp. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Endeavour Silver by 12.9% in the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company's stock valued at $26,052,000 after buying an additional 1,237,440 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Endeavour Silver by 8.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,728,758 shares of the mining company's stock valued at $14,068,000 after purchasing an additional 459,393 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Endeavour Silver by 3.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company's stock worth $12,892,000 after purchasing an additional 188,787 shares during the period. Swiss National Bank grew its position in Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company's stock worth $1,046,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Perritt Capital Management Inc. increased its stake in Endeavour Silver by 14.9% in the third quarter. Perritt Capital Management Inc. now owns 204,758 shares of the mining company's stock valued at $498,000 after purchasing an additional 26,600 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.