Endeavour Silver (NYSE:EXK) Hits New 1-Year High – What’s Next?

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) reached a new 52-week high on Monday . The stock traded as high as $15.15 and last traded at $14.9710, with a volume of 3640210 shares. The stock had previously closed at $14.12.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price on the stock in a report on Monday, November 3rd. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday. Five analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $13.88.

Endeavour Silver Price Performance

The firm has a market capitalization of $4.39 billion, a PE ratio of -43.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. The business’s 50 day moving average is $9.68 and its two-hundred day moving average is $7.78.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million for the quarter, compared to the consensus estimate of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, research analysts anticipate that Endeavour Silver Corporation will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Endeavour Silver by 38.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock valued at $85,474,000 after acquiring an additional 3,005,563 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after acquiring an additional 223,457 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Endeavour Silver by 13.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after purchasing an additional 643,641 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Endeavour Silver by 113.9% in the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after purchasing an additional 2,374,365 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Endeavour Silver by 19.9% in the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock valued at $21,927,000 after purchasing an additional 740,046 shares during the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.