Endeavour Silver (NYSE:EXK) Shares Gap Up - Here's Why

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price gapped up prior to trading on Monday . The stock had previously closed at $4.70, but opened at $4.96. Endeavour Silver shares last traded at $4.95, with a volume of 818,294 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EXK shares. Alliance Global Partners lifted their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. HC Wainwright upped their price objective on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $6.63.

Endeavour Silver Trading Up 4.5 %

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 company has a 50 day moving average of $4.36 and a two-hundred day moving average of $3.89. The stock has a market capitalization of $1.21 billion, a PE ratio of -38.38 and a beta of 1.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Sell-side analysts predict that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. purchased a new stake in shares of Endeavour Silver during the second quarter valued at approximately $589,000. Van ECK Associates Corp boosted its stake in Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock valued at $98,994,000 after buying an additional 658,215 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company's stock valued at $1,522,000 after acquiring an additional 431,274 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Endeavour Silver in the third quarter worth approximately $1,382,000. Finally, TD Asset Management Inc purchased a new stake in Endeavour Silver in the 2nd quarter worth about $9,452,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.