Endeavour Silver (NYSE:EXK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.79 and traded as high as $11.02. Endeavour Silver shares last traded at $10.60, with a volume of 6,630,147 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXK. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Endeavour Silver in a report on Thursday, July 9th. B. Riley Financial assumed coverage on Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 price target on the stock. Finally, Wall Street Zen cut Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. The stock has a market capitalization of $3.15 billion, a PE ratio of 50.72 and a beta of 1.35. The stock’s 50 day moving average is $8.35 and its two-hundred day moving average is $9.76.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. As a group, sell-side analysts forecast that Endeavour Silver Corporation will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds have recently made changes to their positions in EXK. Millennium Management LLC lifted its stake in shares of Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after acquiring an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Endeavour Silver in the first quarter worth $100,000. Goldman Sachs Group Inc. lifted its holdings in Endeavour Silver by 133.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock valued at $5,590,000 after acquiring an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Endeavour Silver by 162.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock valued at $2,252,000 after acquiring an additional 326,508 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after purchasing an additional 5,303 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.