Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.94

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up prior to trading on Tuesday . The stock had previously closed at $3.94, but opened at $4.03. Endeavour Silver shares last traded at $4.09, with a volume of 959,623 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXK. CIBC increased their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Alliance Global Partners raised their price target on shares of Endeavour Silver from $4.00 to $5.25 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BMO Capital Markets began coverage on shares of Endeavour Silver in a report on Monday, June 17th. They issued an “outperform” rating and a $6.00 price objective for the company. Finally, HC Wainwright lowered their target price on shares of Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.13.

Endeavour Silver Price Performance

The company has a market cap of $968.71 million, a P/E ratio of -197.00 and a beta of 1.70. The stock has a 50-day moving average of $3.46 and a 200 day moving average of $3.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. Endeavour Silver’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Research analysts anticipate that Endeavour Silver Corp. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently modified their holdings of the business. Hohimer Wealth Management LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter worth $42,000. Baader Bank Aktiengesellschaft bought a new position in shares of Endeavour Silver in the second quarter worth about $42,000. MCIA Inc acquired a new stake in shares of Endeavour Silver in the 1st quarter valued at approximately $34,000. Oxbow Advisors LLC bought a new stake in shares of Endeavour Silver during the 2nd quarter valued at approximately $51,000. Finally, Oak Family Advisors LLC acquired a new position in Endeavour Silver during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.