Endeavour Silver (NYSE:EXK) Stock Price Up 5.6%

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) shot up 5.6% during mid-day trading on Tuesday . The stock traded as high as $2.82 and last traded at $2.81. 786,439 shares were traded during trading, a decline of 86% from the average session volume of 5,488,727 shares. The stock had previously closed at $2.66.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Alliance Global Partners increased their target price on Endeavour Silver from $4.00 to $5.25 and gave the company a “buy” rating in a research note on Wednesday, July 10th. CIBC raised their price objective 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. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Friday, May 10th. BMO Capital Markets began 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. Finally, HC Wainwright cut their price objective on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver has a consensus rating of “Moderate Buy” and a consensus target price of $6.13.

Endeavour Silver Trading Up 7.5 %

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 firm has a market cap of $703.18 million, a P/E ratio of -141.00 and a beta of 1.69. The firm has a fifty day moving average of $3.89 and a 200-day moving average of $2.96.

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

Institutional Trading of Endeavour Silver

A number of large investors have recently added to or reduced their stakes in EXK. Atria Wealth Solutions Inc. acquired a new stake in Endeavour Silver during the 4th quarter valued at $25,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $30,000. MCIA Inc purchased a new stake in Endeavour Silver in the 1st quarter worth about $34,000. Baader Bank Aktiengesellschaft acquired a new stake in Endeavour Silver during the 2nd quarter worth about $42,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Endeavour Silver during the second quarter worth approximately $42,000. 20.06% of the stock is currently owned by institutional investors.

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.