Endeavour Silver (NYSE:EXK) Upgraded to “Strong-Buy” at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on EXK. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Finally, CIBC upgraded Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 price target on the stock in a research report on Monday. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Endeavour Silver presently has an average rating of “Buy” and an average price target of $13.50.

Endeavour Silver Stock Performance

EXK opened at $8.18 on Monday. The stock has a market cap of $2.40 billion, a PE ratio of -30.28 and a beta of 1.29. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. Endeavour Silver has a 1 year low of $2.95 and a 1 year high of $10.37. The stock’s 50 day simple moving average is $7.40 and its 200-day simple moving average is $5.61.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, August 13th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. Sell-side analysts forecast that Endeavour Silver will post -0.07 EPS for the current year.

Institutional Trading of Endeavour Silver

Large investors have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. grew its holdings in shares of Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock worth $51,916,000 after purchasing an additional 223,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Endeavour Silver by 19.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after purchasing an additional 1,274,094 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Endeavour Silver by 13.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after purchasing an additional 643,641 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Endeavour Silver by 19.9% during the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after purchasing an additional 740,046 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Endeavour Silver by 56.0% during the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company’s stock worth $14,098,000 after purchasing an additional 1,185,100 shares during the last quarter. 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.