Endeavour Silver (NYSE:EXK) Trading Up 9.5% – Should You Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price traded up 9.5% during mid-day trading on Monday . The stock traded as high as $4.51 and last traded at $4.50. 2,494,175 shares were traded during trading, a decline of 55% from the average session volume of 5,501,459 shares. The stock had previously closed at $4.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Alliance Global Partners lifted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. HC Wainwright reissued a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a report on Monday, December 2nd. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Up 6.8 %

The company’s fifty day simple moving average is $4.58 and its 200-day simple moving average is $4.00. The firm has a market capitalization of $1.15 billion, a PE ratio of -34.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts expect that Endeavour Silver Corp. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new stake in shares of Endeavour Silver during the second quarter worth $42,000. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver during the second quarter worth about $42,000. Oxbow Advisors LLC purchased a new stake in Endeavour Silver during the 2nd quarter valued at about $51,000. Oak Family Advisors LLC acquired a new stake in Endeavour Silver in the 2nd quarter valued at about $55,000. Finally, Blue Trust Inc. lifted its stake in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after purchasing an additional 8,389 shares in the last quarter. 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.