Endeavour Silver (NYSE:EXK) Shares Gap Up to $2.29

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $2.29, but opened at $2.35. Endeavour Silver shares last traded at $2.30, with a volume of 1,383,761 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXK. TD Securities upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 23rd. Finally, HC Wainwright dropped their target price on shares of Endeavour Silver from $7.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th.

Endeavour Silver Stock Up 6.1 %

The company has a market cap of $566.46 million, a PE ratio of 114.31 and a beta of 1.62. The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $2.03.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 2.28%. The business had revenue of $50.50 million during the quarter. During the same period in the prior year, the firm earned $0.04 EPS. As a group, equities research analysts expect that Endeavour Silver Corp. will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Citigroup Inc. bought a new position in shares of Endeavour Silver in the 1st quarter worth about $35,000. Royal Bank of Canada lifted its position in shares of Endeavour Silver by 49.1% in the 1st quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock worth $43,000 after buying an additional 2,971 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Endeavour Silver in the 1st quarter worth about $49,000. Advisory Services Network LLC increased its holdings in shares of Endeavour Silver by 2,000.0% in the 1st quarter. Advisory Services Network LLC now owns 10,500 shares of the mining company’s stock worth $41,000 after acquiring an additional 10,000 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of Endeavour Silver in the 1st quarter worth about $55,000. 20.06% of the stock is currently owned by institutional investors.

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 Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.