Endeavour Silver (NYSE:EXK) Sets New 52-Week High – Time to Buy?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $6.77 and last traded at $6.76, with a volume of 27436207 shares trading hands. The stock had previously closed at $6.18.

Wall Street Analyst Weigh In

EXK has been the topic of several research reports. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. National Bank Financial upgraded Endeavour Silver to a “strong-buy” rating in a research note on Thursday, June 12th. CIBC upped their price objective on Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. HC Wainwright increased their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $8.33.

Endeavour Silver Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $5.76 and a two-hundred day moving average price of $4.72. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -25.04 and a beta of 1.30.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The business had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. As a group, research analysts forecast that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXK. Public Employees Retirement System of Ohio boosted its stake in Endeavour Silver by 3.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,651 shares of the mining company’s stock valued at $362,000 after purchasing an additional 2,129 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Endeavour Silver by 5.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,256 shares of the mining company’s stock valued at $203,000 after purchasing an additional 2,161 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after purchasing an additional 2,915 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Endeavour Silver by 23.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 26,494 shares of the mining company’s stock valued at $113,000 after purchasing an additional 5,116 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $714,000 after purchasing an additional 5,303 shares in the last quarter. 20.06% of the stock is owned by 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.