Endeavour Silver (EXK) Stock Price Up 5.4%

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Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) rose 5.4% on Monday . The company traded as high as $1.96 and last traded at $1.96. Approximately 1,492,353 shares were traded during trading, an increase of 67% from the average daily volume of 895,945 shares. The stock had previously closed at $1.86.

A number of equities analysts have weighed in on EXK shares. HC Wainwright set a $3.00 price objective on shares of Endeavour Silver and gave the company a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research raised shares of Endeavour Silver from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research report on Tuesday, April 9th. Noble Financial reissued a “buy” rating and issued a $3.00 price objective on shares of Endeavour Silver in a research report on Tuesday, April 16th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Endeavour Silver in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Endeavour Silver presently has a consensus rating of “Hold” and an average price target of $2.81.

The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $256.37 million, a P/E ratio of -20.44 and a beta of -0.11.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Monday, May 6th. The mining company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $32.66 million. Sell-side analysts predict that Endeavour Silver Corp will post -0.08 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC lifted its position in shares of Endeavour Silver by 200.1% during the fourth quarter. Two Sigma Securities LLC now owns 35,215 shares of the mining company’s stock worth $76,000 after purchasing an additional 23,479 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Endeavour Silver by 81.9% in the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock valued at $162,000 after purchasing an additional 31,651 shares during the period. Creative Planning acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $33,000. Morgan Stanley increased its stake in shares of Endeavour Silver by 33.7% in the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after purchasing an additional 435,827 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at approximately $1,977,000. 19.74% of the stock is currently owned by institutional investors and hedge funds.

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About Endeavour Silver (NYSE:EXK)

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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