Endeavour Silver (NYSE:EXK) Hits New 52-Week High – Time to Buy?

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.29 and last traded at $12.1050, with a volume of 4079773 shares changing hands. The stock had previously closed at $11.72.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXK. Raymond James Financial reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research note on Monday. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. Finally, Industrial Alliance Securities set a $11.00 target price on shares of Endeavour Silver in a research note on Friday, January 9th. Five research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $13.88.

Endeavour Silver Price Performance

The business has a 50-day moving average of $9.44 and a two-hundred day moving average of $7.64. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.91 billion, a P/E ratio of -38.88 and a beta of 1.23.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. On average, sell-side analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Signaturefd LLC bought a new stake in shares of Endeavour Silver in the 4th quarter valued at about $47,000. ORG Partners LLC bought a new stake in Endeavour Silver in the second quarter valued at approximately $29,000. Total Investment Management Inc. acquired a new stake in Endeavour Silver during the 2nd quarter valued at approximately $41,000. Greenberg Financial Group bought a new position in Endeavour Silver during the 4th quarter worth approximately $94,000. Finally, Centric Wealth Management acquired a new position in shares of Endeavour Silver in the 2nd quarter worth approximately $60,000. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Company Profile

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.