Endeavour Silver (NYSE:EXK) Shares Gap Up – Time to Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Thursday . The stock had previously closed at $3.73, but opened at $3.90. Endeavour Silver shares last traded at $4.03, with a volume of 820,214 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXK shares. Alliance Global Partners lifted their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They set a “buy” rating for the company. HC Wainwright lowered their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Price Performance

The company’s 50 day moving average is $3.84 and its two-hundred day moving average is $3.97. 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 announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $53.40 million during the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. As a group, sell-side analysts anticipate that Endeavour Silver Corp. will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently bought and sold shares of EXK. CIBC Asset Management Inc acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $119,000. Perissos Private Wealth Management LLC raised its stake in Endeavour Silver by 187.0% during the fourth quarter. Perissos Private Wealth Management LLC now owns 100,455 shares of the mining company’s stock worth $368,000 after acquiring an additional 65,455 shares in the last quarter. Alpha Cubed Investments LLC bought a new position in shares of Endeavour Silver during the fourth quarter valued at $37,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Endeavour Silver by 16.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 137,300 shares of the mining company’s stock valued at $556,000 after purchasing an additional 19,200 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Endeavour Silver in the 3rd quarter worth about $80,000. Institutional investors own 20.06% of the company’s stock.

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.