Endeavour Silver (NYSE:EXK) Trading Up 18.9% – What’s Next?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR)’s stock price rose 18.9% during trading on Thursday . The company traded as high as $10.95 and last traded at $11.0670. Approximately 2,961,607 shares were traded during trading, a decline of 75% from the average daily volume of 11,836,794 shares. The stock had previously closed at $9.31.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXK. B. Riley Financial boosted their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Finally, iA Financial set a $11.00 target price on Endeavour Silver in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Price Performance

The stock has a fifty day moving average of $10.15 and a 200-day moving average of $9.95. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.99 billion, a P/E ratio of -24.03 and a beta of 1.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, May 12th. The mining company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. Equities analysts predict that Endeavour Silver Corporation will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of the stock. Swiss National Bank raised its stake in shares of Endeavour Silver by 1.9% in the first quarter. Swiss National Bank now owns 585,900 shares of the mining company’s stock worth $5,459,000 after acquiring an additional 11,200 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new position in shares of Endeavour Silver in the first quarter worth about $55,000. International Assets Investment Management LLC bought a new position in shares of Endeavour Silver in the first quarter worth about $1,774,000. Counterpoint Mutual Funds LLC bought a new position in shares of Endeavour Silver in the first quarter worth about $834,000. Finally, Leonteq Securities AG raised its stake in shares of Endeavour Silver by 111.9% in the first quarter. Leonteq Securities AG now owns 31,789 shares of the mining company’s stock worth $296,000 after acquiring an additional 16,789 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Company Profile

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.