Endeavour Silver (NYSE:EXK) Shares Gap Up - Should You Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped up before the market opened on Monday . The stock had previously closed at $3.78, but opened at $4.00. Endeavour Silver shares last traded at $3.86, with a volume of 1,209,159 shares trading hands.

Wall Street Analyst Weigh In

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

Endeavour Silver Trading Down 2.2 %

The stock has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $4.13. The stock has a market capitalization of $1.01 billion, a PE ratio of -28.42 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

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

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the business. U S Global Investors Inc. grew its position in shares of Endeavour Silver by 6.5% during the first quarter. U S Global Investors Inc. now owns 452,500 shares of the mining company's stock worth $1,930,000 after purchasing an additional 27,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Endeavour Silver by 17.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,604 shares of the mining company's stock valued at $361,000 after buying an additional 12,660 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Endeavour Silver during the first quarter worth $877,000. Mackenzie Financial Corp grew its stake in Endeavour Silver by 995.2% during the fourth quarter. Mackenzie Financial Corp now owns 1,180,945 shares of the mining company's stock valued at $4,325,000 after acquiring an additional 1,073,114 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Endeavour Silver in the 4th quarter valued at $543,000. 20.06% of the stock is owned by 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.