Endeavour Silver Corporation (NYSE:EXK – Get Free Report) (TSE:EDR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.66, but opened at $10.35. Endeavour Silver shares last traded at $10.6340, with a volume of 1,652,148 shares changing hands.
Wall Street Analyst Weigh In
EXK has been the subject of a number of research analyst reports. HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Friday, July 17th. B. Riley Financial started coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They set a “buy” rating and a $14.00 price objective on the stock. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.
Read Our Latest Report on Endeavour Silver
Endeavour Silver Price Performance
Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last issued its earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The company had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. As a group, research analysts anticipate that Endeavour Silver Corporation will post 0.68 EPS for the current fiscal year.
Hedge Funds Weigh In On Endeavour Silver
Several large investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Endeavour Silver during the second quarter worth $29,000. Harbor Investment Advisory LLC lifted its stake in Endeavour Silver by 166.7% in the second quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after buying an additional 2,500 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after buying an additional 3,647 shares during the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Endeavour Silver in the 1st quarter valued at about $55,000. Finally, Bank of New York Mellon Corp acquired a new position in Endeavour Silver during the 2nd quarter valued at about $85,000. 20.06% of the stock is currently owned by institutional investors.
About Endeavour Silver
Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.
Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.
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