Endeavour Silver (NYSE:EXK) Stock Price Up 7.6% – What’s Next?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) traded up 7.6% during mid-day trading on Friday . The company traded as high as $9.97 and last traded at $9.9250. 4,425,890 shares were traded during trading, a decline of 65% from the average session volume of 12,695,585 shares. The stock had previously closed at $9.22.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Tuesday, December 9th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. B. Riley lifted their price objective on Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. HC Wainwright reissued a “buy” rating and issued a $11.00 target price on shares of Endeavour Silver in a report on Tuesday, November 25th. 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 investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Endeavour Silver presently has a consensus rating of “Buy” and an average price target of $12.67.

Endeavour Silver Stock Up 6.5%

The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $8.38 and a two-hundred day simple moving average of $6.68. The firm has a market capitalization of $2.90 billion, a P/E ratio of -28.90 and a beta of 1.32.

Endeavour Silver (NYSE:EXK) (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). Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. On average, equities analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Endeavour Silver in the 2nd quarter valued at about $613,000. Azarias Capital Management L.P. bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $5,606,000. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in shares of Endeavour Silver by 583.3% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after purchasing an additional 140,870 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Endeavour Silver by 202.0% in the 2nd quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock worth $3,058,000 after purchasing an additional 415,200 shares during the period. Finally, Aire Advisors LLC bought a new position in shares of Endeavour Silver during the 2nd quarter valued at approximately $148,000. 20.06% of the stock is owned by institutional investors.

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.