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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped up before the market opened on Monday . The stock had previously closed at $4.70, but opened at $4.96. Endeavour Silver shares last traded at $4.95, with a volume of 818,294 shares changing hands.

Analysts Set New Price Targets

EXK has been the subject of several research reports. Alliance Global Partners increased 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. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, HC Wainwright increased their target price on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday, November 6th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Trading Up 0.9 %

The company has a market cap of $1.21 billion, a P/E ratio of -37.96 and a beta of 1.67. The firm’s 50 day moving average is $4.40 and its two-hundred day moving average is $3.90. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

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

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at $42,000. Baader Bank Aktiengesellschaft bought a new stake in Endeavour Silver during the second quarter valued at $42,000. Blue Trust Inc. grew its holdings in Endeavour Silver by 139.6% during the 3rd 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 during the period. Oxbow Advisors LLC bought a new position in shares of Endeavour Silver in the 2nd quarter worth about $51,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at about $55,000. 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.