Endeavour Silver Corp. (NYSE:EXK) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have earned an average rating of “Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.63.

Several equities analysts have recently issued reports on the company. TD Securities raised Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. Wall Street Zen upgraded shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, May 14th. Raymond James initiated coverage on shares of Endeavour Silver in a research report on Friday, March 21st. They set an “outperform” rating for the company. Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently modified their holdings of EXK. Tidal Investments LLC raised its position in shares of Endeavour Silver by 52.9% in the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock valued at $40,914,000 after acquiring an additional 3,869,920 shares during the period. Jupiter Asset Management Ltd. increased its stake in Endeavour Silver by 0.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 10,792,069 shares of the mining company’s stock valued at $39,545,000 after purchasing an additional 99,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Endeavour Silver by 11.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company’s stock worth $28,279,000 after purchasing an additional 680,802 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endeavour Silver by 122.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after purchasing an additional 3,581,936 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Endeavour Silver by 12.1% during the first quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company’s stock worth $15,865,000 after purchasing an additional 401,394 shares in the last quarter. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Price Performance

EXK opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market capitalization of $1.30 billion, a P/E ratio of -34.62 and a beta of 1.42. The company’s 50 day simple moving average is $3.64 and its 200-day simple moving average is $3.88. Endeavour Silver has a one year low of $2.46 and a one year high of $5.67.

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

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.