Zacks Research Upgrades Endeavour Silver (NYSE:EXK) to Hold

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 report issued on Thursday,Zacks.com reports.

EXK has been the subject of several other research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Friday, January 9th. HC Wainwright boosted their price objective on shares of Endeavour Silver from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. Finally, iA Financial set a $11.00 price target on shares of Endeavour Silver in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Endeavour Silver has an average rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Down 0.3%

Shares of NYSE EXK traded down $0.03 during trading hours on Thursday, hitting $9.20. 5,026,867 shares of the stock were exchanged, compared to its average volume of 6,511,923. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market cap of $2.72 billion, a PE ratio of -21.91 and a beta of 1.26. The firm has a fifty day moving average price of $10.31 and a 200-day moving average price of $9.95. Endeavour Silver has a 12 month low of $3.14 and a 12 month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative return on equity of 1.29% and a negative net margin of 27.52%. On average, sell-side analysts expect that Endeavour Silver will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Millennium Management LLC grew its position in Endeavour Silver by 13.3% during the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after purchasing an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Endeavour Silver during the 1st quarter worth about $100,000. Goldman Sachs Group Inc. grew its position in Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after purchasing an additional 747,556 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Endeavour Silver by 162.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after purchasing an additional 326,508 shares during the period. Finally, Geode Capital Management LLC grew its position in Endeavour Silver by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company’s stock worth $714,000 after purchasing an additional 5,303 shares during the period. 20.06% of the stock is owned by institutional investors and hedge funds.

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.