Endeavour Silver (NYSE:EXK) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a $7.25 price target on the mining company’s stock.

Several other analysts have also commented on EXK. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. Raymond James assumed coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an “outperform” rating on the stock. Finally, TD Securities raised Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Endeavour Silver currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Down 4.2%

Endeavour Silver stock opened at $3.22 on Wednesday. The business has a fifty day moving average of $3.91 and a two-hundred day moving average of $4.01. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market cap of $887.00 million, a P/E ratio of -24.77 and a beta of 1.50. Endeavour Silver has a twelve month low of $2.46 and a twelve month high of $5.67.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, May 13th. The mining company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $83.10 million. On average, analysts forecast that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. Schroder Investment Management Group purchased a new position in shares of Endeavour Silver during the 4th quarter valued at about $36,000. Alpha Cubed Investments LLC acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $43,000. Farringdon Capital Ltd. acquired a new stake in shares of Endeavour Silver during the 4th quarter valued at about $55,000. Finally, Hohimer Wealth Management LLC grew its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after acquiring an additional 2,915 shares during the period. Hedge funds and other institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.