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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR)’s stock price gapped up prior to trading 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.

Analyst Ratings Changes

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

Endeavour Silver Stock Up 7.9 %

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

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. The firm had revenue of $50.50 million for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 2.28%. During the same period last year, the firm earned $0.04 earnings per share. Sell-side analysts anticipate that Endeavour Silver Corp. will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently bought and sold shares of EXK. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Endeavour Silver by 6.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 77,800 shares of the mining company’s stock valued at $189,000 after buying an additional 4,500 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Endeavour Silver by 1.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,019,889 shares of the mining company’s stock worth $12,202,000 after purchasing an additional 95,852 shares in the last quarter. CIBC Asset Management Inc boosted its position in Endeavour Silver by 7.7% in the 3rd quarter. CIBC Asset Management Inc now owns 171,969 shares of the mining company’s stock worth $422,000 after purchasing an additional 12,305 shares in the last quarter. Swiss National Bank increased its holdings in shares of Endeavour Silver by 2.7% during the 3rd quarter. Swiss National Bank now owns 424,200 shares of the mining company’s stock valued at $1,046,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Endeavour Silver by 8.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,728,758 shares of the mining company’s stock valued at $14,068,000 after purchasing an additional 459,393 shares during the period. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.