Endeavour Silver (NYSE:EXK) Shares Gap Up – Here’s Why

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $3.73, but opened at $3.90. Endeavour Silver shares last traded at $4.03, with a volume of 820,214 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXK. HC Wainwright decreased their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners increased their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. Finally, TD Securities began coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.56.

Endeavour Silver Stock Performance

The company has a market cap of $1.06 billion, a PE ratio of -31.27 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The business has a 50-day moving average of $3.85 and a 200 day moving average of $3.97.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in EXK. Alpha Cubed Investments LLC purchased a new position in Endeavour Silver in the fourth quarter worth about $37,000. Blue Trust Inc. lifted its position in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the last quarter. Virtu Financial LLC bought a new position in Endeavour Silver during the third quarter valued at $80,000. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver in the third quarter valued at $100,000. Finally, Walleye Capital LLC purchased a new position in shares of Endeavour Silver during the 3rd quarter worth about $111,000. 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.