Endeavour Silver Corporation (NYSE:EXK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.50.

A number of brokerages recently issued reports on EXK. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th. HC Wainwright upped their price objective on shares of Endeavour Silver from $9.75 to $11.00 and gave the stock a “buy” rating in a report on Thursday. Finally, CIBC lifted their target price on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th.

Endeavour Silver Trading Down 1.3%

EXK opened at $8.23 on Tuesday. The stock has a market capitalization of $2.42 billion, a PE ratio of -30.46 and a beta of 1.29. Endeavour Silver has a one year low of $2.95 and a one year high of $10.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. The business’s 50 day moving average price is $7.35 and its 200 day moving average price is $5.56.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The business had revenue of $85.30 million for the quarter, compared to analyst estimates of $81.48 million. As a group, equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of the company. ORG Partners LLC acquired a new position in Endeavour Silver during the 2nd quarter worth about $29,000. Total Investment Management Inc. purchased a new stake in Endeavour Silver during the second quarter worth about $41,000. Hohimer Wealth Management LLC lifted its position in shares of Endeavour Silver by 28.9% during the first quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after purchasing an additional 2,915 shares in the last quarter. Centric Wealth Management purchased a new position in shares of Endeavour Silver in the second quarter valued at approximately $60,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Endeavour Silver by 46,309.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 14,387 shares of the mining company’s stock valued at $61,000 after purchasing an additional 14,356 shares in the last quarter. 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.