Endeavour Silver (NYSE:EXK) Trading Up 6.2% - Here's What Happened

Shares of Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR were up 6.2% on Friday . The company traded as high as $3.77 and last traded at $3.75. Approximately 1,479,780 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 6,837,063 shares. The stock had previously closed at $3.53.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research note on Tuesday, December 24th. Alliance Global Partners upped their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. TD Securities started coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a "buy" rating on the stock. Finally, HC Wainwright dropped their price objective on shares of Endeavour Silver from $7.25 to $7.00 and set a "buy" rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Endeavour Silver presently has a consensus rating of "Moderate Buy" and an average target price of $6.56.

Endeavour Silver Trading Up 0.6 %

The business's 50-day moving average price is $4.17 and its 200-day moving average price is $4.01. The firm has a market capitalization of $931.24 million, a PE ratio of -27.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) earnings per share. As a group, analysts expect that Endeavour Silver Corp. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company's stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. National Bank of Canada FI grew its holdings in Endeavour Silver by 3.4% during the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company's stock worth $1,788,000 after acquiring an additional 15,075 shares in the last quarter. U S Global Investors Inc. bought a new position in shares of Endeavour Silver during the third quarter worth about $1,382,000. Quest Partners LLC acquired a new stake in Endeavour Silver during the third quarter valued at approximately $964,000. Finally, Perritt Capital Management Inc grew its position in shares of Endeavour Silver by 11.6% in the 2nd quarter. Perritt Capital Management Inc now owns 235,825 shares of the mining company's stock worth $830,000 after acquiring an additional 24,533 shares in the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.