Endeavour Silver (NYSE:EXK) Stock Price Up 9.6% – Still a Buy?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) shares rose 9.6% during trading on Friday . The stock traded as high as $10.77 and last traded at $10.7230. Approximately 4,852,049 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 13,131,034 shares. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

EXK has been the topic of several recent analyst reports. B. Riley increased their price objective on shares of Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. HC Wainwright reiterated a “buy” rating and issued a $14.50 price target (up previously from $11.00) on shares of Endeavour Silver in a report on Friday. Zacks Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Five research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $13.13.

Endeavour Silver Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.14 billion, a PE ratio of -31.25 and a beta of 1.23. The stock’s 50 day moving average price is $8.81 and its 200 day moving average price is $7.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The company had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, equities analysts forecast that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of EXK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after purchasing an additional 3,005,563 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Endeavour Silver by 2.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after buying an additional 223,457 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Endeavour Silver by 13.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after buying an additional 643,641 shares in the last quarter. Alps Advisors Inc. boosted its position in Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after buying an additional 2,374,365 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Endeavour Silver by 19.9% during the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock valued at $21,927,000 after acquiring an additional 740,046 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

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.