Endeavour Silver (NYSE:EXK) Shares Gap Up on Earnings Beat

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's share price gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $3.64, but opened at $3.80. Endeavour Silver shares last traded at $4.21, with a volume of 2,765,697 shares changing hands.

The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%.

Wall Street Analyst Weigh In

Several research firms have commented on EXK. TD Securities began coverage on Endeavour Silver in a report on Friday, November 29th. They issued a "buy" rating for the company. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. HC Wainwright cut their price target on shares of Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.56.

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Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently bought and sold shares of the business. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $36,000. Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver during the fourth quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver in the fourth quarter worth about $43,000. Farringdon Capital Ltd. purchased a new stake in shares of Endeavour Silver in the fourth quarter worth about $55,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $57,000. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Trading Up 17.4 %

The firm has a fifty day moving average of $3.80 and a 200 day moving average of $4.01. The firm has a market capitalization of $1.12 billion, a PE ratio of -32.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

About Endeavour Silver

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.

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