Endeavour Silver (NYSE:EXK) Share Price Passes Above 200-Day Moving Average of $0.00

Shares of Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $2.43. Endeavour Silver shares last traded at $2.39, with a volume of 1,859,047 shares.

A number of analysts recently commented on EXK shares. ValuEngine raised shares of Endeavour Silver from a “hold” rating to a “buy” rating in a report on Wednesday, July 17th. Noble Financial reissued a “hold” rating on shares of Endeavour Silver in a report on Sunday, June 23rd. Zacks Investment Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, July 25th. BMO Capital Markets reissued a “hold” rating on shares of Endeavour Silver in a report on Friday, April 12th. Finally, HC Wainwright set a $3.00 price objective on shares of Endeavour Silver and gave the stock a “buy” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Endeavour Silver presently has a consensus rating of “Buy” and an average target price of $2.81.

The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. The firm has a market cap of $318.12 million, a P/E ratio of -27.00 and a beta of 0.18. The business has a 50-day moving average price of $2.09.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Monday, May 6th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business had revenue of $29.10 million for the quarter, compared to analyst estimates of $32.66 million. Endeavour Silver had a negative return on equity of 16.79% and a negative net margin of 20.16%. As a group, equities research analysts expect that Endeavour Silver Corp will post -0.12 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Raymond James & Associates boosted its position in Endeavour Silver by 27.7% in the 4th quarter. Raymond James & Associates now owns 219,797 shares of the mining company’s stock valued at $473,000 after buying an additional 47,691 shares during the period. Advisor Group Inc. raised its position in shares of Endeavour Silver by 93.5% in the fourth quarter. Advisor Group Inc. now owns 16,832 shares of the mining company’s stock valued at $36,000 after buying an additional 8,132 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Endeavour Silver by 27.2% in the fourth quarter. Two Sigma Advisers LP now owns 76,200 shares of the mining company’s stock valued at $164,000 after buying an additional 16,300 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $1,977,000. Finally, HRT Financial LLC acquired a new position in Endeavour Silver during the fourth quarter worth approximately $159,000. 18.73% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Company Profile (NYSE:EXK)

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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