Endeavour Silver (NYSE:EXK) Trading Up 6.6%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shares shot up 6.6% during mid-day trading on Monday . The company traded as high as $3.22 and last traded at $3.21. 3,540,148 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 5,491,264 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. CIBC boosted their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. HC Wainwright reduced their price target on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets initiated coverage on Endeavour Silver in a research note on Monday, June 17th. They issued an “outperform” rating and a $6.00 price target for the company. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. Finally, Alliance Global Partners increased their target price on shares of Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and an average target price of $6.13.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 2.02. The business has a 50 day moving average price of $3.81 and a 200-day moving average price of $3.02. The company has a market capitalization of $816.28 million, a price-to-earnings ratio of -166.00 and a beta of 1.69.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 6.53%. The business had revenue of $58.30 million for the quarter, compared to the consensus estimate of $62.01 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. Endeavour Silver’s quarterly revenue was up 16.6% on a year-over-year basis. Research analysts predict that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock valued at $86,125,000 after purchasing an additional 13,657,121 shares during the period. Tidal Investments LLC acquired a new position in shares of Endeavour Silver during the first quarter valued at about $19,008,000. Jupiter Asset Management Ltd. increased its position in shares of Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after acquiring an additional 4,046,065 shares in the last quarter. TD Asset Management Inc acquired a new stake in shares of Endeavour Silver in the 2nd quarter worth about $9,452,000. Finally, National Bank of Canada FI lifted its position in Endeavour Silver by 5,735.0% in the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after acquiring an additional 431,274 shares in the last quarter. Institutional investors own 20.06% of the company’s stock.

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.