Endeavour Silver (NYSE:EXK) Shares Gap Up to $2.28

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.31, but opened at $2.28. Endeavour Silver shares last traded at $2.26, with a volume of 88,280 shares traded.

Several research firms have recently issued reports on EXK. Zacks Investment Research lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. HC Wainwright restated a “buy” rating and issued a $3.00 price target (down previously from $3.25) on shares of Endeavour Silver in a research note on Friday, November 22nd. ValuEngine cut Endeavour Silver from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Noble Financial upgraded Endeavour Silver to a “buy” rating and set a $3.00 price target on the stock in a research report on Monday, September 23rd. Finally, GMP Securities lowered Endeavour Silver from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.75.

The company has a current ratio of 3.28, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $2.28 and its 200 day moving average is $2.25. The company has a market cap of $316.19 million, a PE ratio of -25.22 and a beta of 0.18.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). Endeavour Silver had a negative net margin of 28.01% and a negative return on equity of 22.50%. The company had revenue of $28.59 million for the quarter, compared to analysts’ expectations of $28.00 million. As a group, sell-side analysts anticipate that Endeavour Silver Corp will post -0.25 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its stake in Endeavour Silver by 3,178.4% in the 3rd quarter. Millennium Management LLC now owns 1,042,298 shares of the mining company’s stock valued at $2,313,000 after buying an additional 1,010,505 shares in the last quarter. Barclays PLC increased its stake in Endeavour Silver by 429.4% during the 3rd quarter. Barclays PLC now owns 147,172 shares of the mining company’s stock worth $326,000 after buying an additional 119,372 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Endeavour Silver by 287.3% during the third quarter. Virtu Financial LLC now owns 124,668 shares of the mining company’s stock valued at $277,000 after acquiring an additional 92,477 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Endeavour Silver during the third quarter valued at approximately $88,000. Finally, Brookstone Capital Management acquired a new position in shares of Endeavour Silver during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 19.22% of the company’s stock.

About Endeavour Silver (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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