Endeavour Silver (NYSE:EXK) Shares Gap Up – Should You Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Tuesday . The stock had previously closed at $4.80, but opened at $4.94. Endeavour Silver shares last traded at $4.93, with a volume of 1,432,825 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, HC Wainwright boosted their target price on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Down 0.1 %

The company has a market cap of $1.29 billion, a PE ratio of -37.81 and a beta of 1.55. The company’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $4.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $69.90 million. As a group, sell-side analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in Endeavour Silver during the 3rd quarter worth approximately $964,000. Quantbot Technologies LP purchased a new position in shares of Endeavour Silver in the 3rd quarter valued at about $100,000. Walleye Capital LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter valued at approximately $111,000. National Bank of Canada FI boosted its position in Endeavour Silver by 3.4% during the third quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after purchasing an additional 15,075 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Endeavour Silver in the 3rd quarter worth about $261,000. 20.06% of the stock is owned by hedge funds and other 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 Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.