Endeavour Silver (NYSE:EXK) Stock Price Up 10.6% – Still a Buy?
by Renee Jackson · The Cerbat GemEndeavour Silver Corporation (NYSE:EXK – Get Free Report) (TSE:EDR) was up 10.6% on Thursday . The stock traded as high as $13.51 and last traded at $13.5590. Approximately 7,576,807 shares traded hands during trading, a decline of 52% from the average daily volume of 15,758,393 shares. The stock had previously closed at $12.26.
Wall Street Analyst Weigh In
EXK has been the subject of several recent analyst reports. Industrial Alliance Securities set a $11.00 price target on Endeavour Silver in a report on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target for the company in a research report on Monday, November 3rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. Finally, Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $13.88.
Get Our Latest Stock Analysis on Endeavour Silver
Endeavour Silver Trading Up 10.8%
The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of -39.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The business’s 50-day simple moving average is $9.44 and its two-hundred day simple moving average is $7.64.
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last released its quarterly earnings data on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The business had revenue of $111.40 million during 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, research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Endeavour Silver
Institutional investors and hedge funds have recently modified their holdings of the stock. Greenberg Financial Group acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $94,000. Signaturefd LLC purchased a new position in Endeavour Silver in the 4th quarter worth approximately $47,000. Euro Pacific Asset Management LLC raised its stake in shares of Endeavour Silver by 18.2% during the fourth quarter. Euro Pacific Asset Management LLC now owns 32,520 shares of the mining company’s stock valued at $306,000 after purchasing an additional 5,000 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Endeavour Silver during the third quarter worth $14,146,000. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of Endeavour Silver during the third quarter worth $92,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.
About Endeavour Silver
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.