Endeavour Silver (NYSE:EXK) Rating Lowered to Hold at Wall Street Zen

Endeavour Silver (NYSE:EXK) (TSE:EDR) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on EXK. HC Wainwright reissued a “buy” rating and issued a $17.00 target price on shares of Endeavour Silver in a report on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Monday, April 20th. Finally, Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Stock Up 0.1%

Shares of NYSE:EXK opened at $7.42 on Friday. The company’s fifty day moving average is $8.82 and its two-hundred day moving average is $10.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. Endeavour Silver has a 1-year low of $4.91 and a 1-year high of $15.15. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -92.68 and a beta of 1.33.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The business had revenue of $209.70 million during the quarter, compared to analyst estimates of $200.41 million. Equities analysts anticipate that Endeavour Silver will post 0.64 EPS for the current year.

Institutional Trading of Endeavour Silver

Several hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its position in Endeavour Silver by 166.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,500 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after buying an additional 3,647 shares during the last quarter. Signaturefd LLC bought a new stake in shares of Endeavour Silver during the fourth quarter valued at approximately $47,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Endeavour Silver during the first quarter worth approximately $55,000. Finally, Swiss Life Asset Management Ltd bought a new position in Endeavour Silver in the 3rd quarter worth approximately $92,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.