Endeavour Silver Corporation (NYSE:EXK) Receives $14.50 Consensus PT from Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.50.

A number of research firms recently weighed in on EXK. Canadian Imperial Bank of Commerce lowered shares of Endeavour Silver from an “outperform” rating to a “neutral” rating in a report on Tuesday. B. Riley Financial assumed coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective for the company. Wall Street Zen cut shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Endeavour Silver in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th.

Institutional Investors Weigh In On Endeavour Silver

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in Endeavour Silver during the 2nd quarter valued at about $20,040,000. Renaissance Technologies LLC lifted its stake in Endeavour Silver by 18,554.9% in the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company’s stock worth $17,715,000 after purchasing an additional 1,892,600 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Endeavour Silver by 121.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,312,065 shares of the mining company’s stock worth $21,535,000 after purchasing an additional 1,268,035 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Endeavour Silver during the second quarter valued at approximately $10,192,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Endeavour Silver by 42.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,039,797 shares of the mining company’s stock valued at $28,574,000 after buying an additional 910,378 shares during the period. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Stock Up 3.9%

Shares of EXK stock opened at $10.53 on Friday. The stock has a market cap of $3.12 billion, a P/E ratio of 50.12 and a beta of 1.43. Endeavour Silver has a 52 week low of $6.60 and a 52 week high of $15.15. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $9.66 and its two-hundred day simple moving average is $9.41.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%.The company had revenue of $212.10 million during the quarter, compared to analyst estimates of $210.79 million. Analysts predict that Endeavour Silver will post 0.68 EPS for the current fiscal year.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Canadian precious-metals mining company focused on the acquisition, exploration, development, and operation of silver-gold properties. The company’s activities include underground mining, mineral processing, project development, and exploration for additional deposits.

Endeavour Silver’s operations and development assets are located primarily in Mexico, including the Guanaceví mine in Durango and the Bolañitos district in Guanajuato. The company has also advanced the Terronera project in Jalisco, a silver-gold development intended to support future production.