Endeavour Silver (NYSE:EXK) Shares Gap Up – What’s Next?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Tuesday . The stock had previously closed at $4.65, but opened at $4.76. Endeavour Silver shares last traded at $4.75, with a volume of 1,441,500 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. HC Wainwright increased their price target on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Finally, Raymond James assumed coverage on shares of Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Stock Down 3.4 %

The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.14. The firm has a market cap of $1.16 billion, a P/E ratio of -33.96 and a beta of 1.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, equities analysts forecast that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently made changes to their positions in EXK. Tidal Investments LLC grew its stake in Endeavour Silver by 52.9% during the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after buying an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after acquiring an additional 3,581,936 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Endeavour Silver during the fourth quarter valued at about $7,930,000. American Century Companies Inc. increased its holdings in shares of Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after acquiring an additional 1,937,150 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after purchasing an additional 1,780,405 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

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.