Endeavour Silver (NYSE:EXK) Sets New 52-Week High – Should You Buy?

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.67 and last traded at $5.57, with a volume of 1626879 shares. The stock had previously closed at $5.36.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EXK shares. HC Wainwright lowered their target price on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, CIBC upped their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.31.

Endeavour Silver Stock Down 4.7 %

The firm has a 50 day moving average price of $3.97 and a 200-day moving average price of $3.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -264.50 and a beta of 1.71.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Thursday, August 1st. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. The business had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Endeavour Silver Corp. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 during the period. SG Americas Securities LLC grew its position in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of Endeavour Silver by 60.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after acquiring an additional 4,046,065 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Endeavour Silver by 9.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after acquiring an additional 6,800 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Endeavour Silver in the 1st quarter valued at approximately $19,008,000. 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.