Endeavour Silver (NYSE:EXK) Trading 6.2% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report 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 report on Tuesday, October 22nd. HC Wainwright reduced their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday. TD Securities initiated coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating for the company. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

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’s 50-day simple moving average is $4.15 and its two-hundred day simple moving average is $4.01. The firm has a market cap of $931.25 million, a price-to-earnings ratio of -27.31 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company 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%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) EPS. As a group, research analysts expect that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. bought a new position in shares of Endeavour Silver during the 2nd quarter worth about $589,000. Quest Partners LLC bought a new position in Endeavour Silver in the third quarter worth approximately $964,000. Van ECK Associates Corp grew its stake in Endeavour Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after acquiring an additional 658,215 shares during the period. U S Global Investors Inc. acquired a new stake in Endeavour Silver in the third quarter valued at approximately $1,382,000. Finally, Barclays PLC increased its holdings in shares of 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 acquiring an additional 51,901 shares in the last quarter. 20.06% of the stock is 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.