Endeavour Silver (NYSE:EXK) Shares Gap Up - Time to Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped up before the market opened on Wednesday . The stock had previously closed at $3.15, but opened at $3.33. Endeavour Silver shares last traded at $3.30, with a volume of 1,339,452 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright restated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a report on Thursday. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. Finally, Raymond James assumed coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.63.

Remove Ads

Endeavour Silver Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock's 50 day simple moving average is $4.05 and its 200 day simple moving average is $4.15. The firm has a market cap of $1.08 billion, a P/E ratio of -30.23 and a beta of 1.47.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of EXK. Alpha Cubed Investments LLC purchased a new position in shares of Endeavour Silver during the fourth quarter valued at approximately $37,000. Schroder Investment Management Group purchased a new position in Endeavour Silver during the 4th quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Endeavour Silver during the 4th quarter worth $43,000. Farringdon Capital Ltd. bought a new stake in shares of Endeavour Silver in the 4th quarter worth $55,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at about $57,000. 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.