Endeavour Silver (NYSE:EXK) Shares Gap Up – Here’s What Happened

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.65, but opened at $4.76. Endeavour Silver shares last traded at $4.75, with a volume of 1,441,500 shares.

Analysts Set New Price Targets

EXK has been the topic of a number of recent research reports. TD Securities upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James began coverage on Endeavour Silver in a report on Friday. They set an “outperform” rating on the stock. HC Wainwright increased their price objective on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Price Performance

The company has a market cap of $1.21 billion, a price-to-earnings ratio of -35.52 and a beta of 1.55. The company’s 50 day moving average price is $4.01 and its 200-day moving average price is $4.12. 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 released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business 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%. On average, equities research analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schroder Investment Management Group purchased a new position in shares of Endeavour Silver in the fourth quarter worth approximately $36,000. Alpha Cubed Investments LLC purchased a new position in Endeavour Silver during the 4th quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Endeavour Silver in the fourth quarter valued at $43,000. Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter worth $55,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.