Endeavour Silver (NYSE:EXK) Shares Up 4.7% – Here’s What Happened

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) was up 4.7% during mid-day trading on Tuesday . The company traded as high as $5.17 and last traded at $5.15. Approximately 2,152,424 shares were traded during trading, a decline of 76% from the average daily volume of 8,904,019 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXK. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. Wall Street Zen raised Endeavour Silver to a “sell” rating in a research report on Wednesday, May 14th. Raymond James Financial began coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating for the company. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a research note on Thursday, June 12th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.83.

Endeavour Silver Trading Up 4.6%

The company’s 50 day simple moving average is $4.02 and its two-hundred day simple moving average is $3.94. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -19.79 and a beta of 1.43.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). The business had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $83.10 million. Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. As a group, research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after purchasing an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Endeavour Silver by 162.6% during the 1st 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. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Endeavour Silver in the 1st quarter valued at $100,000. Millennium Management LLC boosted its holdings 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 valued at $10,483,000 after acquiring an additional 289,096 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Endeavour Silver by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company’s stock worth $28,279,000 after acquiring an additional 680,802 shares during the period. 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.