Endeavour Silver (NYSE:EXK) Shares Gap Up to $2.28

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $2.31, but opened at $2.28. Endeavour Silver shares last traded at $2.26, with a volume of 88,280 shares changing hands.

A number of analysts have recently weighed in on the stock. GMP Securities downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective (down from $3.25) on shares of Endeavour Silver in a research note on Friday, November 22nd. ValuEngine downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Noble Financial upgraded Endeavour Silver to a “buy” rating and set a $3.00 target price for the company in a research note on Monday, September 23rd. Finally, Pi Financial reaffirmed a “hold” rating and issued a $3.00 target price on shares of Endeavour Silver in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $2.75.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 3.28. The company has a market cap of $302.20 million, a price-to-earnings ratio of -25.17 and a beta of 0.18. The company has a fifty day moving average of $2.27 and a two-hundred day moving average of $2.24.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Endeavour Silver had a negative net margin of 28.01% and a negative return on equity of 22.50%. The firm had revenue of $28.59 million during the quarter, compared to the consensus estimate of $28.00 million. Equities analysts expect that Endeavour Silver Corp will post -0.25 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in EXK. Advisor Group Inc. raised its holdings in Endeavour Silver by 16.2% during the 2nd quarter. Advisor Group Inc. now owns 32,144 shares of the mining company’s stock worth $66,000 after purchasing an additional 4,493 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Endeavour Silver by 6.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,026 shares of the mining company’s stock worth $161,000 after buying an additional 5,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Endeavour Silver by 105.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,562 shares of the mining company’s stock worth $28,000 after buying an additional 6,450 shares during the last quarter. Swiss National Bank raised its stake in Endeavour Silver by 4.8% during the second quarter. Swiss National Bank now owns 246,200 shares of the mining company’s stock worth $508,000 after buying an additional 11,200 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in Endeavour Silver in the third quarter valued at $43,000. 19.22% of the stock is currently owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile (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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