Raymond James Begins Coverage on Endeavour Silver (NYSE:EXK)

Raymond James initiated coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note published on Friday morning, MarketBeat reports. The firm issued an outperform rating on the mining company’s stock.

Other analysts also recently issued reports about the stock. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. HC Wainwright boosted their target price on shares of Endeavour Silver from $7.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. 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 two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Down 4.0 %

Endeavour Silver stock opened at $4.65 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of -35.73 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $4.09. Endeavour Silver has a twelve month low of $2.09 and a twelve month high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, research analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Several large investors have recently modified their holdings of EXK. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $100,000. Walleye Capital LLC bought a new stake in Endeavour Silver in the 3rd quarter valued at $111,000. National Bank of Canada FI boosted its holdings in Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after purchasing an additional 15,075 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Endeavour Silver in the 3rd quarter valued at $261,000. Finally, Barclays PLC boosted its holdings in Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after purchasing an additional 51,901 shares during the period. 20.06% of the stock is owned by institutional investors.

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.