Endeavour Silver (NYSE:EXK) Shares Up 4.9% – Time to Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) rose 4.9% during trading on Thursday . The stock traded as high as $4.72 and last traded at $4.71. Approximately 2,233,326 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 5,473,590 shares. The stock had previously closed at $4.49.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Alliance Global Partners raised their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, HC Wainwright boosted their price target on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Down 1.4 %

The firm has a market cap of $1.16 billion, a PE ratio of -36.12 and a beta of 1.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $4.36 and its 200-day moving average is $3.87.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million for 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%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. As a group, equities research analysts expect that Endeavour Silver Corp. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in EXK. Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver during the 2nd quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Endeavour Silver during the 2nd quarter valued at $42,000. SG Americas Securities LLC grew its stake in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of Endeavour Silver during the 2nd quarter worth $51,000. Finally, Oak Family Advisors LLC purchased a new position in shares of Endeavour Silver in the 2nd quarter worth $55,000. 20.06% of the stock is 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.