Endeavour Silver (NYSE:EXK) Shares Gap Up - What's Next?

Shares of Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped up prior to trading on Thursday . The stock had previously closed at $3.73, but opened at $3.90. Endeavour Silver shares last traded at $4.03, with a volume of 820,214 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Tuesday, December 24th. Alliance Global Partners boosted their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a report on Tuesday, October 22nd. TD Securities initiated coverage on Endeavour Silver in a research note on Friday, November 29th. They set a "buy" rating on the stock. Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, HC Wainwright reduced their target price on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus price target of $6.56.

Endeavour Silver Trading Down 0.4 %

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 firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -30.27 and a beta of 1.63. The business has a fifty day moving average price of $3.83 and a 200 day moving average price of $3.95.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. As a group, equities analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha Cubed Investments LLC purchased a new position in shares of Endeavour Silver in the 4th quarter valued at $37,000. Blue Trust Inc. increased its holdings in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock valued at $57,000 after purchasing an additional 8,389 shares in the last quarter. Virtu Financial LLC purchased a new position in Endeavour Silver in the third quarter valued at about $80,000. Quantbot Technologies LP acquired a new position in shares of Endeavour Silver during the third quarter worth about $100,000. Finally, Walleye Capital LLC purchased a new stake in shares of Endeavour Silver in the third quarter worth about $111,000. 20.06% of the stock is 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.