Endeavour Silver (NYSE:EXK) Stock Price Up 5.8% – Here’s What Happened

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) rose 5.8% during mid-day trading on Friday . The company traded as high as $9.05 and last traded at $9.0550. Approximately 2,075,073 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 13,897,132 shares. The stock had previously closed at $8.56.

Analysts Set New Price Targets

EXK has been the subject of a number of research reports. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. B. Riley Financial raised their target price on Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, January 21st. HC Wainwright upped their price target on shares of Endeavour Silver from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research cut shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.30 and a current ratio of 1.53. The stock has a market cap of $2.63 billion, a P/E ratio of -21.14 and a beta of 1.16. The business’s 50-day moving average price is $11.57 and its 200-day moving average price is $9.58.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $172.60 million during the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. As a group, sell-side analysts expect that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

About Endeavour Silver

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.