Endeavour Silver (NYSE:EXK) Shares Gap Up – Time to Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up prior to trading on Friday . The stock had previously closed at $3.58, but opened at $3.70. Endeavour Silver shares last traded at $3.75, with a volume of 1,346,034 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EXK shares. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. TD Securities began coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating on the stock. HC Wainwright reduced their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. 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 report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Stock Performance

The company has a market cap of $969.27 million, a PE ratio of -28.42 and a beta of 1.64. 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 moving average is $3.97 and its two-hundred day moving average is $4.00.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. On average, equities research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently made changes to their positions in the company. Alpha Cubed Investments LLC bought a new stake in shares of Endeavour Silver during the fourth quarter worth $37,000. B. Riley Wealth Advisors Inc. lifted its holdings in Endeavour Silver by 16.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after buying an additional 19,200 shares in the last quarter. Virtu Financial LLC purchased a new stake in Endeavour Silver in the 3rd quarter valued at about $80,000. Barclays PLC grew its stake in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock worth $205,000 after acquiring an additional 51,901 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after acquiring an additional 10,543 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.