Endeavour Silver (NYSE:EXK) Stock Price Up 8.4% - Here's Why

Endeavour Silver Corp. (NYSE:EXK - Get Free Report) TSE: EDR's stock price traded up 8.4% on Monday . The stock traded as high as $3.53 and last traded at $3.42. 2,683,863 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 6,982,068 shares. The stock had previously closed at $3.15.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXK. Raymond James assumed coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating for the company. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. HC Wainwright reiterated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a report on Thursday. Alliance Global Partners restated a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Finally, StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.63.

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Endeavour Silver Price Performance

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 business has a 50-day moving average of $4.05 and a 200 day moving average of $4.15. The firm has a market capitalization of $1.08 billion, a PE ratio of -30.27 and a beta of 1.47.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (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 analyst estimates of $69.90 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. As a group, research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its position in Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company's stock worth $205,000 after acquiring an additional 51,901 shares during the period. HighTower Advisors LLC increased its stake in shares of Endeavour Silver by 28.3% during the 4th quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company's stock worth $575,000 after purchasing an additional 34,700 shares during the last quarter. Sprott Inc. raised its holdings in shares of Endeavour Silver by 23.1% in the 4th quarter. Sprott Inc. now owns 1,586,302 shares of the mining company's stock worth $5,809,000 after purchasing an additional 298,091 shares during the period. American Century Companies Inc. lifted its stake in Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after purchasing an additional 1,937,150 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in Endeavour Silver during the fourth quarter valued at $2,401,000. 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.