Endeavour Silver Corp witnessed robust trading volume on Wednesday, with 1,949,029 shares exchanging hands during mid-day trading. This marked a decline of 55% from the previous session’s volume of 4,367,130 shares. The stock last traded at $2.66, with a previous closing price of $2.59.
Several equities analysts have recently shared their insights on EXK. StockNews.com upgraded Endeavour Silver to a “sell” rating on Friday, February 23rd. Meanwhile, HC Wainwright lowered their price target on Endeavour Silver from $7.25 to $6.00 but maintained a “buy” rating for the company in a research report released on Thursday, January 11th. TD Securities also upgraded Endeavour Silver from a “hold” to a “buy” rating in a research note on Tuesday, January 9th.
Endeavour Silver boasts a current ratio of 1.73 and a quick ratio of 1.26, with a debt-to-equity ratio of 0.01. The stock’s fifty-day moving average stands at $1.81, while its 200-day moving average price is $2.02. With a market capitalization of $643.38 million, the company carries a price-to-earnings ratio of 137.07 and a beta of 1.69.
The company recently released its quarterly earnings results on Monday, March 11th, reporting $0.02 EPS for the quarter, with revenue totaling $50.50 million. Endeavour Silver achieved a net margin of 2.98% and a return on equity of 2.28%. Comparatively, during the same period in the previous year, the business earned $0.04 EPS. Analysts anticipate Endeavour Silver Corp. to post 0.06 earnings per share for the current fiscal year.
Institutional investors and hedge funds have shown interest in Endeavour Silver lately. Atria Wealth Solutions Inc. initiated a new position in Endeavour Silver during the 4th quarter, valued at $25,000. Brevan Howard Capital Management LP also acquired a new position in the company during the 4th quarter, with a value of approximately $29,000. Other notable investors include Dynamic Technology Lab Private Ltd, Rathbones Group PLC, and Citigroup Inc. Institutional investors and hedge funds now collectively own 20.06% of the company’s stock.
The recent surge in trading volume for Endeavour Silver reflects heightened investor interest in the company’s performance and outlook.
Source: MarketBeat
