Endeavour Silver (NYSE:EXK) Reaches New 12-Month High – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $5.23 and last traded at $5.20, with a volume of 1054897 shares changing hands. The stock had previously closed at $4.78.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EXK shares. HC Wainwright decreased their target price on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. CIBC boosted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Alliance Global Partners raised their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.31.

Endeavour Silver Trading Up 6.6 %

The company has a market cap of $1.35 billion, a PE ratio of -274.50 and a beta of 1.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The company has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.61.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The company had revenue of $58.30 million during the quarter, compared to analyst estimates of $62.01 million. During the same quarter in the prior year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts forecast that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. bought a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $1,382,000. Blue Trust Inc. grew its position in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 53.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock worth $416,000 after purchasing an additional 41,300 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Endeavour Silver during the 2nd quarter valued at $314,000. Finally, XTX Topco Ltd lifted its stake in shares of Endeavour Silver by 768.2% in the 2nd quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock valued at $355,000 after purchasing an additional 89,288 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.