Endeavour Silver Corporation (NYSE:EXK) Stock Has Consensus Price Target of $14.50 According to Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.50.

A number of analysts recently issued reports on EXK shares. Citigroup cut Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. Canadian Imperial Bank of Commerce lowered Endeavour Silver from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 22nd. Weiss Ratings raised Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. B. Riley Financial assumed coverage on Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Wall Street Zen cut Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th.

Endeavour Silver Stock Performance

NYSE EXK opened at $8.29 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65. Endeavour Silver has a 1 year low of $6.60 and a 1 year high of $15.15. The company has a market capitalization of $2.45 billion, a PE ratio of 21.16 and a beta of 1.41. The company has a fifty day moving average of $9.90 and a two-hundred day moving average of $9.26.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $210.79 million. As a group, analysts expect that Endeavour Silver will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in Endeavour Silver in the 2nd quarter valued at $20,040,000. Renaissance Technologies LLC boosted its stake in Endeavour Silver by 18,554.9% during the 1st 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 period. Arrowstreet Capital Limited Partnership grew its position in Endeavour Silver by 121.5% during the 1st 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 Endeavour Silver during the 2nd quarter worth $10,192,000. Finally, Man Group plc purchased a new position in Endeavour Silver during the 2nd quarter worth $5,371,000. 20.06% of the stock is owned by institutional investors and hedge funds.

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 produces silver and gold concentrates and related mineral products from underground mining and milling operations.

Endeavour Silver’s operations and mineral projects are located primarily in Mexico. Its principal assets have included the Guanaceví mine in Durango and the Bolañitos mine in Guanajuato, along with the Terronera project in Jalisco.