Endeavour Silver (NYSE:EXK) Trading 8.2% Higher - Time to Buy?

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's share price rose 8.2% during trading on Thursday . The company traded as high as $3.96 and last traded at $3.96. Approximately 3,400,364 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 5,586,919 shares. The stock had previously closed at $3.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Endeavour Silver to a "sell" rating in a research note on Tuesday, December 24th. HC Wainwright restated a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday, December 18th. TD Securities began coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a "buy" rating for the company. Alliance Global Partners lifted their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Ventum Cap Mkts raised Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Endeavour Silver Stock Performance

The firm's fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.01. The company has a market capitalization of $1.05 billion, a PE ratio of -30.77 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 posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $53.40 million for 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%. Endeavour Silver's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. On average, research analysts predict that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently made changes to their positions in the company. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver in the 2nd quarter worth about $42,000. Blue Trust Inc. increased its position in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock valued at $57,000 after buying an additional 8,389 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $51,000. Virtu Financial LLC purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at approximately $80,000. Finally, Rathbones Group PLC grew its stake in Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company's stock valued at $81,000 after acquiring an additional 8,500 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.