Endeavour Silver (NYSE:EXK) Trading Up 6.2% – Time to Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price rose 6.2% during trading on Friday . The stock traded as high as $3.77 and last traded at $3.75. Approximately 1,479,780 shares traded hands during trading, a decline of 78% from the average daily volume of 6,837,063 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

EXK has been the topic of several recent research reports. Alliance Global Partners lifted their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a report on Tuesday, December 24th. HC Wainwright dropped their price target on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, TD Securities assumed coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating for the company. One investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.56.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market capitalization of $962.71 million, a P/E ratio of -28.23 and a beta of 1.62. The business’s 50 day moving average price is $4.17 and its 200 day moving average price is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current year.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 16.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock worth $556,000 after purchasing an additional 19,200 shares in the last quarter. Virtu Financial LLC acquired a new stake in Endeavour Silver during the 3rd quarter worth $80,000. Barclays PLC raised its holdings in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares during the last quarter. Geode Capital Management LLC grew its holdings in Endeavour Silver by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after buying an additional 10,543 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Endeavour Silver during the third quarter worth about $261,000. 20.06% of the stock is currently 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.