Endeavour Silver (NYSE:EXK) Shares Gap Up - Still a Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR gapped up before the market opened on Tuesday . The stock had previously closed at $4.65, but opened at $4.76. Endeavour Silver shares last traded at $4.75, with a volume of 1,441,500 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. StockNews.com upgraded shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. HC Wainwright increased their price target on shares of Endeavour Silver from $7.00 to $7.25 and gave the company a "buy" rating in a report on Wednesday, March 12th. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, Raymond James began coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an "outperform" rating on the stock. One investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

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Endeavour Silver Stock Down 5.2 %

The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $4.08 and a 200-day moving average price of $4.15. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -33.27 and a beta of 1.55.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to analysts' expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, equities analysts forecast that Endeavour Silver Corp. will post -0.07 EPS 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 EXK. Quantbot Technologies LP purchased a new position in Endeavour Silver during the third quarter worth $100,000. Walleye Capital LLC purchased a new stake in Endeavour Silver during the 3rd quarter worth about $111,000. National Bank of Canada FI raised its stake in Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company's stock valued at $1,788,000 after purchasing an additional 15,075 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Endeavour Silver in the 3rd quarter valued at about $261,000. Finally, Barclays PLC boosted its stake in shares of Endeavour Silver by 1,730,033.3% during the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company's stock worth $205,000 after purchasing an additional 51,901 shares during the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

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.