Endeavour Silver (NYSE:EXK) Stock Price Up 3.6%

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s share price rose 3.6% on Friday . The stock traded as high as $2.64 and last traded at $2.62. Approximately 2,772,036 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 5,116,533 shares. The stock had previously closed at $2.53.

Wall Street Analysts Forecast Growth

EXK has been the subject of several recent analyst reports. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 23rd. TD Securities raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, HC Wainwright dropped their target price on shares of Endeavour Silver from $7.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, January 11th.

Endeavour Silver Stock Performance

The firm has a market cap of $627.29 million, a PE ratio of 130.57 and a beta of 1.69. The company has a current ratio of 1.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.05.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Monday, March 11th. The mining company reported $0.02 EPS for the quarter. The business had revenue of $50.50 million for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 2.28%. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, research analysts forecast that Endeavour Silver Corp. will post 0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently made changes to their positions in EXK. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Endeavour Silver during the 1st quarter valued at about $49,000. HighTower Advisors LLC raised its position in shares of Endeavour Silver by 225.8% during the 1st quarter. HighTower Advisors LLC now owns 73,588 shares of the mining company’s stock valued at $344,000 after buying an additional 51,000 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Endeavour Silver during the 1st quarter valued at about $35,000. Dimensional Fund Advisors LP raised its position in shares of Endeavour Silver by 924.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 684,840 shares of the mining company’s stock valued at $3,185,000 after buying an additional 618,022 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Endeavour Silver during the 1st quarter valued at about $55,000. 20.06% of the stock is currently owned by hedge funds and other 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.