Endeavour Silver (NYSE:EXK) Shares Gap Up – Time to Buy?

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.80, but opened at $4.94. Endeavour Silver shares last traded at $4.93, with a volume of 1,432,825 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Alliance Global Partners restated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, HC Wainwright lifted their price objective on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Trading Up 2.5 %

The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -37.88 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm has a fifty day moving average of $3.89 and a 200-day moving average of $4.06.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. As a group, equities analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after acquiring an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock valued at $23,858,000 after purchasing an additional 3,581,936 shares during the period. Millennium Management LLC bought a new position in Endeavour Silver in the 4th quarter worth about $7,930,000. American Century Companies Inc. increased its stake in shares of Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after purchasing an additional 1,937,150 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Endeavour Silver by 529.5% during the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock valued at $7,747,000 after buying an additional 1,780,405 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.