Endeavour Silver (NYSE:EXK) Shares Gap Up – Here’s What Happened
by Amy Steele · The Cerbat GemEndeavour Silver Corporation (NYSE:EXK – Get Free Report) (TSE:EDR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $10.78, but opened at $11.78. Endeavour Silver shares last traded at $11.3180, with a volume of 2,058,250 shares changing hands.
Wall Street Analysts Forecast Growth
EXK has been the topic of several analyst reports. CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a report on Monday, November 3rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Industrial Alliance Securities set a $11.00 price objective on Endeavour Silver in a research note on Friday, January 9th. B. Riley boosted their price target on Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $13.88.
Read Our Latest Analysis on EXK
Endeavour Silver Stock Performance
The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -33.20 and a beta of 1.23. The stock’s fifty day moving average is $10.32 and its two-hundred day moving average is $8.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79.
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. On average, analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Endeavour Silver
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Signaturefd LLC bought a new stake in shares of Endeavour Silver in the 4th quarter worth $47,000. Total Investment Management Inc. bought a new stake in Endeavour Silver during the second quarter worth approximately $41,000. Greenberg Financial Group acquired a new position in Endeavour Silver in the fourth quarter worth approximately $94,000. Centric Wealth Management acquired a new stake in shares of Endeavour Silver during the 2nd quarter valued at $60,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Endeavour Silver in the 4th quarter worth $105,000. Institutional investors own 20.06% of the company’s stock.
Endeavour Silver Company Profile
Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.
Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.