Endeavour Silver (NYSE:EXK) Coverage Initiated by Analysts at TD Securities

Analysts at TD Securities initiated coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report issued on Friday. The firm set a “buy” rating on the mining company’s stock.

Several other research firms have also commented on EXK. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. HC Wainwright upped their target price on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Alliance Global Partners upped their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Performance

NYSE EXK opened at $4.14 on Friday. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -31.85 and a beta of 1.67. The business has a fifty day moving average of $4.55 and a 200-day moving average of $3.97. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. As a group, analysts predict that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC acquired a new stake in Endeavour Silver during the second quarter worth about $42,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Endeavour Silver in the second quarter worth about $42,000. Blue Trust Inc. boosted its position in shares of Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of Endeavour Silver in the second quarter worth about $51,000. Finally, Oak Family Advisors LLC purchased a new stake in shares of Endeavour Silver in the second quarter worth about $55,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.