Endeavour Silver (NYSE:EXK) Shares Gap Up to $2.65

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) gapped up before the market opened on Monday . The stock had previously closed at $2.65, but opened at $2.77. Endeavour Silver shares last traded at $2.79, with a volume of 1,916,760 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Securities upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. HC Wainwright cut their target price on shares of Endeavour Silver from $7.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a report on Friday, February 23rd.

Endeavour Silver Stock Up 7.9 %

The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.01. The firm has a market cap of $687.37 million, a P/E ratio of 140.57 and a beta of 1.67. The firm’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.07.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. Endeavour Silver had a return on equity of 2.28% and a net margin of 2.98%. The company had revenue of $50.50 million for the quarter. During the same period last year, the firm posted $0.04 EPS. As a group, research analysts expect that Endeavour Silver Corp. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in Endeavour Silver by 3.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock worth $12,892,000 after purchasing an additional 188,787 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Endeavour Silver by 12.9% in the first quarter. Van ECK Associates Corp now owns 10,810,119 shares of the mining company’s stock valued at $26,052,000 after buying an additional 1,237,440 shares during the period. MCIA Inc bought a new position in Endeavour Silver during the first quarter valued at about $34,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Endeavour Silver during the fourth quarter worth about $92,000. Finally, Aristides Capital LLC acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $260,000. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

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.