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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.65, but opened at $4.76. Endeavour Silver shares last traded at $4.75, with a volume of 1,441,500 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Friday, February 28th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. HC Wainwright raised their target price on Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Finally, Raymond James began coverage on Endeavour Silver in a report on Friday, March 21st. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Down 3.4 %

The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -33.96 and a beta of 1.55. The company’s 50-day moving average is $4.05 and its 200-day moving average is $4.14.

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

Institutional Investors Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in EXK. Schroder Investment Management Group acquired a new stake in Endeavour Silver in the 4th quarter valued at approximately $36,000. Alpha Cubed Investments LLC purchased a new position in shares of Endeavour Silver during the fourth quarter worth $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at $43,000. Farringdon Capital Ltd. purchased a new stake in shares of Endeavour Silver in the 4th quarter valued at $55,000. Finally, Oxford Asset Management LLP acquired a new position in Endeavour Silver during the 4th quarter worth about $57,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Company Profile

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.