Endeavour Silver (NYSE:EXK) Trading 3% Higher - What's Next?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR rose 3% during trading on Thursday . The stock traded as high as $3.80 and last traded at $3.79. Approximately 464,601 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 5,561,851 shares. The stock had previously closed at $3.68.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXK. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research note on Tuesday. HC Wainwright restated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, December 18th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. TD Securities began coverage on Endeavour Silver in a research report on Friday, November 29th. They set a "buy" rating for the company. Finally, Alliance Global Partners upped their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Price Performance

The company has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $4.00. The company has a market cap of $981.08 million, a P/E ratio of -28.77 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 announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. On average, sell-side analysts predict that Endeavour Silver Corp. will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EXK. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver during the second quarter worth $51,000. Blue Trust Inc. increased its position in Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock valued at $57,000 after purchasing an additional 8,389 shares during the period. Virtu Financial LLC acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at about $80,000. Finally, Rathbones Group PLC grew its position in shares of Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company's stock worth $81,000 after buying an additional 8,500 shares during the period. 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.