Endeavour Silver (NYSE:EXK) Trading Up 9.6% – Should You Buy?

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Friday. Zacks Research lowered shares of Endeavour Silver from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Natl Bk Canada upgraded Endeavour Silver to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, B. Riley lifted their target price on Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Five analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price 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 stock has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $7.21. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -31.48 and a beta of 1.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share 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%. Analysts predict that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Endeavour Silver during the second quarter worth $613,000. Azarias Capital Management L.P. bought a new position in Endeavour Silver during the 2nd quarter worth about $5,606,000. Stonehage Fleming Financial Services Holdings Ltd raised its stake in shares of Endeavour Silver by 583.3% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock valued at $812,000 after purchasing an additional 140,870 shares during the period. Intact Investment Management Inc. lifted its holdings in shares of Endeavour Silver by 202.0% in the second quarter. Intact Investment Management Inc. now owns 620,700 shares of the mining company’s stock valued at $3,058,000 after purchasing an additional 415,200 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Endeavour Silver by 843.5% in the second quarter. XTX Topco Ltd now owns 254,085 shares of the mining company’s stock valued at $1,250,000 after purchasing an additional 227,154 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.