Endeavour Silver (NYSE:EXK) Sets New 1-Year High – What’s Next?

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.74 and last traded at $6.49, with a volume of 1595768 shares traded. The stock had previously closed at $6.50.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXK. HC Wainwright upped their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a “buy” rating in a research report on Wednesday, July 9th. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. National Bank Financial raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th. Finally, Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Endeavour Silver has an average rating of “Buy” and an average target price of $8.33.

Endeavour Silver Trading Down 0.8%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -23.79 and a beta of 1.30. The firm has a fifty day moving average price of $5.47 and a 200-day moving average price of $4.50.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million. As a group, equities analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in Endeavour Silver by 52.9% during the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after acquiring an additional 3,869,920 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Endeavour Silver during the fourth quarter worth $7,930,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Endeavour Silver by 19.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after purchasing an additional 1,274,094 shares during the period. Invesco Ltd. grew its stake in shares of Endeavour Silver by 56.0% in the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company’s stock worth $14,098,000 after purchasing an additional 1,185,100 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in Endeavour Silver in the second quarter valued at $5,621,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.