Endeavour Silver (NYSE:EXK) Trading Up 7.4% on Earnings Beat

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR shares traded up 7.4% during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $4.80 and last traded at $4.85. 1,888,452 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 9,203,068 shares. The stock had previously closed at $4.52.

The mining company reported $0.02 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 0.97% and a negative net margin of 13.04%.

Analysts Set New Price Targets

Several research firms recently issued reports on EXK. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. Alliance Global Partners reissued a "buy" rating on shares of Endeavour Silver in a research report on Wednesday. HC Wainwright upped their price target on Endeavour Silver from $7.00 to $7.25 and gave the company a "buy" rating in a research report on Wednesday. Finally, StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in shares of Endeavour Silver by 1.0% during the fourth quarter. LPL Financial LLC now owns 282,520 shares of the mining company's stock valued at $1,034,000 after purchasing an additional 2,661 shares during the period. Vident Advisory LLC increased its holdings in shares of Endeavour Silver by 2.8% during the fourth quarter. Vident Advisory LLC now owns 235,043 shares of the mining company's stock valued at $860,000 after purchasing an additional 6,441 shares during the period. Cantor Fitzgerald L. P. increased its holdings in shares of Endeavour Silver by 33.0% during the fourth quarter. Cantor Fitzgerald L. P. now owns 30,200 shares of the mining company's stock valued at $111,000 after purchasing an additional 7,500 shares during the period. Swiss National Bank increased its holdings in shares of Endeavour Silver by 2.1% during the fourth quarter. Swiss National Bank now owns 485,900 shares of the mining company's stock valued at $1,781,000 after purchasing an additional 9,800 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new position in shares of Endeavour Silver during the fourth quarter valued at $37,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -36.27 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business has a fifty day moving average price of $3.87 and a 200 day moving average price of $4.05.

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.