Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Wednesday . The stock had previously closed at $2.31, but opened at $2.28. Endeavour Silver shares last traded at $2.26, with a volume of 88,280 shares traded.
EXK has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $3.00 price target (down previously from $3.25) on shares of Endeavour Silver in a report on Friday, November 22nd. GMP Securities downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Noble Financial upgraded Endeavour Silver to a “buy” rating and set a $3.00 target price on the stock in a report on Monday, September 23rd. Pi Financial reiterated a “hold” rating and set a $3.00 target price on shares of Endeavour Silver in a report on Friday, November 22nd. Finally, Zacks Investment Research cut Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Endeavour Silver presently has a consensus rating of “Hold” and a consensus price target of $2.75.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 3.28. The stock has a market capitalization of $302.20 million, a price-to-earnings ratio of -25.17 and a beta of 0.18. The firm’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $2.24.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The company had revenue of $28.59 million during the quarter, compared to the consensus estimate of $28.00 million. Endeavour Silver had a negative net margin of 28.01% and a negative return on equity of 22.50%. Analysts forecast that Endeavour Silver Corp will post -0.25 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in EXK. Renaissance Technologies LLC raised its stake in shares of Endeavour Silver by 18.4% in the 2nd quarter. Renaissance Technologies LLC now owns 6,685,225 shares of the mining company’s stock valued at $13,705,000 after purchasing an additional 1,040,000 shares during the period. Morgan Stanley lifted its position in shares of Endeavour Silver by 27.5% in the second quarter. Morgan Stanley now owns 3,128,492 shares of the mining company’s stock worth $6,413,000 after purchasing an additional 674,739 shares in the last quarter. Millennium Management LLC lifted its position in shares of Endeavour Silver by 3,178.4% in the third quarter. Millennium Management LLC now owns 1,042,298 shares of the mining company’s stock worth $2,313,000 after purchasing an additional 1,010,505 shares in the last quarter. ETF Managers Group LLC boosted its holdings in Endeavour Silver by 15.8% during the second quarter. ETF Managers Group LLC now owns 768,634 shares of the mining company’s stock worth $1,568,000 after purchasing an additional 104,716 shares during the last quarter. Finally, Sprott Inc. boosted its holdings in Endeavour Silver by 27.5% during the second quarter. Sprott Inc. now owns 759,100 shares of the mining company’s stock worth $2,045,000 after purchasing an additional 163,600 shares during the last quarter. 19.22% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver Company Profile (NYSE:EXK)
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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