Endeavour Silver (NYSE:EXK) Sets New 12-Month High – Here’s What Happened

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.67 and last traded at $5.57, with a volume of 1626879 shares. The stock had previously closed at $5.36.

Wall Street Analyst Weigh In

EXK has been the subject of a number of research reports. Alliance Global Partners increased their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. HC Wainwright cut their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, CIBC lifted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.31.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The firm has a market cap of $1.30 billion, a P/E ratio of -264.50 and a beta of 1.71. The stock’s 50 day moving average is $3.97 and its two-hundred day moving average is $3.71.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $58.30 million during the quarter, compared to the consensus estimate of $62.01 million. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. As a group, equities analysts predict that Endeavour Silver Corp. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EXK. Van ECK Associates Corp boosted its stake in shares of Endeavour Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock worth $25,972,000 after buying an additional 4,046,065 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Endeavour Silver during the first quarter worth approximately $19,008,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Endeavour Silver by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after acquiring an additional 188,787 shares during the last quarter. Finally, TD Asset Management Inc bought a new position in shares of Endeavour Silver in the second quarter valued at approximately $9,452,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

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.