Endeavour Silver (NYSE:EXK) Shares Up 8.2% – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXK shares. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Alliance Global Partners raised 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. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Performance

The business’s fifty day moving average price is $4.30 and its 200-day moving average price is $4.01. The stock has a market cap of $1.02 billion, a PE ratio of -29.85 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share. As a group, equities research analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 16.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after purchasing an additional 19,200 shares in the last quarter. Virtu Financial LLC purchased a new position in Endeavour Silver during the third quarter valued at $80,000. Barclays PLC grew its holdings in Endeavour Silver by 1,730,033.3% during the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after purchasing an additional 51,901 shares during the period. Geode Capital Management LLC increased its position in Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Endeavour Silver in the third quarter worth about $261,000. 20.06% of the stock is currently owned by 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.