Endeavour Silver Corp (NYSE:EXK) (TSE:EDR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.23 and traded as high as $2.41. Endeavour Silver shares last traded at $2.38, with a volume of 65,419 shares.
Several equities research analysts have issued reports on EXK shares. GMP Securities cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. HC Wainwright raised their price target on shares of Endeavour Silver from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Monday, August 19th. Noble Financial raised shares of Endeavour Silver to a “buy” rating and set a $3.00 price target on the stock in a research note on Monday, September 23rd. Zacks Investment Research cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, ValuEngine cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.00.
The firm has a market capitalization of $325.99 million, a PE ratio of -25.89 and a beta of 0.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 3.28. The company’s fifty day moving average price is $2.32 and its two-hundred day moving average price is $2.23.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The company had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.00 million. Endeavour Silver had a negative return on equity of 22.50% and a negative net margin of 28.01%. On average, equities analysts expect that Endeavour Silver Corp will post -0.23 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in EXK. Advisor Group Inc. raised its holdings in Endeavour Silver by 16.2% in the second quarter. Advisor Group Inc. now owns 32,144 shares of the mining company’s stock valued at $66,000 after buying an additional 4,493 shares during the period. Swiss National Bank raised its holdings in Endeavour Silver by 4.8% in the second quarter. Swiss National Bank now owns 246,200 shares of the mining company’s stock valued at $508,000 after buying an additional 11,200 shares during the period. Renaissance Technologies LLC raised its holdings in Endeavour Silver by 18.4% in the second quarter. Renaissance Technologies LLC now owns 6,685,225 shares of the mining company’s stock valued at $13,705,000 after buying an additional 1,040,000 shares during the period. Perritt Capital Management Inc. purchased a new position in Endeavour Silver in the second quarter valued at approximately $782,000. Finally, Sprott Inc. raised its holdings in Endeavour Silver by 27.5% in the second quarter. Sprott Inc. now owns 759,100 shares of the mining company’s stock valued at $2,045,000 after buying an additional 163,600 shares during the period. Institutional investors and hedge funds own 18.83% of the company’s stock.
Endeavour Silver Company Profile (NYSE:EXK)
Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.
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