Endeavour Silver (NYSE:EXK) Trading 6.7% Higher

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 6.7% during trading on Monday . The company traded as high as $3.07 and last traded at $3.04. Approximately 1,416,322 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 5,365,726 shares. The stock had previously closed at $2.85.

Analysts Set New Price Targets

A number of research analysts have commented on EXK shares. HC Wainwright lowered their price target on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating for the company in a research report on Friday, August 2nd. CIBC raised their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. BMO Capital Markets began coverage on shares of Endeavour Silver in a report on Monday, June 17th. They issued an “outperform” rating and a $6.00 target price on the stock. Finally, Alliance Global Partners raised their target price on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.13.

Endeavour Silver Stock Up 3.8 %

The company has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $3.18. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $771.27 million, a P/E ratio of -147.50 and a beta of 1.70.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) EPS 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 business had revenue of $58.30 million during the quarter, compared to analysts’ expectations of $62.01 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Endeavour Silver’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds have recently bought and sold shares of EXK. Van ECK Associates Corp boosted its holdings in shares of Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock valued at $86,125,000 after buying an additional 13,657,121 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Endeavour Silver by 60.1% in the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after acquiring an additional 4,046,065 shares in the last quarter. Tidal Investments LLC purchased a new stake in Endeavour Silver during the first quarter worth about $19,008,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after purchasing an additional 188,787 shares during the last quarter. Finally, TD Asset Management Inc purchased a new position in shares of Endeavour Silver during the 2nd quarter worth approximately $9,452,000. Hedge funds and other institutional investors 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.