Endeavour Silver (NYSE:EXK) Hits New 1-Year High – Here’s What Happened

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.29 and last traded at $12.1050, with a volume of 4079773 shares traded. The stock had previously closed at $11.72.

Analysts Set New Price Targets

EXK has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $14.50 price objective (up from $11.00) on shares of Endeavour Silver in a report on Friday, January 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. CIBC upgraded shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective for the company in a research note on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Stock Up 4.4%

The stock’s 50-day moving average price is $9.27 and its two-hundred day moving average price is $7.55. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.61 billion, a P/E ratio of -35.50 and a beta of 1.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, research analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC bought a new position in Endeavour Silver in the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new stake in shares of Endeavour Silver during the second quarter worth $41,000. Centric Wealth Management bought a new position in shares of Endeavour Silver in the second quarter worth $60,000. Andina Capital Management LLC purchased a new position in shares of Endeavour Silver in the third quarter valued at $89,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Endeavour Silver in the third quarter valued at $92,000. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.