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

Posted by Defense World Staff on Sep 17th, 2023

Endeavour Silver Corp. (NYSE:EXK – Get Free Report) (TSE:EDR) gapped up before the market opened on Friday . The stock had previously closed at $2.65, but opened at $2.74. Endeavour Silver shares last traded at $2.77, with a volume of 223,487 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HC Wainwright cut their target price on shares of Endeavour Silver from $8.00 to $7.75 and set a “buy” rating for the company in a research note on Wednesday, August 9th. StockNews.com initiated coverage on shares of Endeavour Silver in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Finally, TD Securities dropped their target price on shares of Endeavour Silver from C$5.50 to C$5.00 in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.04.

Get Our Latest Stock Report on EXK

Endeavour Silver Stock Up 1.9 %

The company has a current ratio of 2.62, a quick ratio of 1.98 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $3.05 and its 200-day moving average is $3.29. The company has a market cap of $537.73 million, a price-to-earnings ratio of 54.01 and a beta of 1.51.

Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last released its quarterly earnings data on Tuesday, August 8th. The mining company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $50.00 million for the quarter, compared to analyst estimates of $53.01 million. Endeavour Silver had a return on equity of 5.22% and a net margin of 5.22%. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, analysts anticipate that Endeavour Silver Corp. will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXK. Citigroup Inc. bought a new position in Endeavour Silver during the first quarter valued at approximately $35,000. AE Wealth Management LLC bought a new position in shares of Endeavour Silver in the second quarter worth approximately $36,000. Bank of Nova Scotia bought a new position in shares of Endeavour Silver in the second quarter worth approximately $40,000. Advisory Services Network LLC boosted its holdings in Endeavour Silver by 2,000.0% in the first quarter. Advisory Services Network LLC now owns 10,500 shares of the mining company’s stock valued at $41,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Endeavour Silver by 49.1% in the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock valued at $43,000 after acquiring an additional 2,971 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors.

About Endeavour Silver

(Get Free Report)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.