Endeavour Silver (NYSE:EXK) Upgraded by Zacks Research to Hold Rating

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on EXK. National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. CIBC raised their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Wall Street Zen upgraded shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, HC Wainwright raised their price objective on shares of Endeavour Silver from $8.75 to $9.75 and gave the company a “buy” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.88.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $8.09 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.37 billion, a PE ratio of -29.97 and a beta of 1.29. Endeavour Silver has a twelve month low of $2.95 and a twelve month high of $10.37. The company has a 50-day moving average price of $6.94 and a two-hundred day moving average price of $5.30.

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

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds have recently bought and sold shares of the stock. Azarias Capital Management L.P. lifted its position in Endeavour Silver by 2.4% during the third quarter. Azarias Capital Management L.P. now owns 1,166,937 shares of the mining company’s stock valued at $9,149,000 after purchasing an additional 27,606 shares during the last quarter. Total Investment Management Inc. bought a new stake in Endeavour Silver during the second quarter valued at approximately $41,000. Squarepoint Ops LLC lifted its position in Endeavour Silver by 163.7% during the second quarter. Squarepoint Ops LLC now owns 113,714 shares of the mining company’s stock valued at $559,000 after purchasing an additional 70,598 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Endeavour Silver during the second quarter valued at approximately $613,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Endeavour Silver by 545.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 131,502 shares of the mining company’s stock valued at $637,000 after purchasing an additional 111,121 shares during the last quarter. 20.06% of the stock is currently 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.