Endeavour Silver Corporation (NYSE:EXK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.50.

EXK has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research report on Thursday, July 9th. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. B. Riley Financial started coverage on Endeavour Silver in a research note on Monday. They issued a “buy” rating and a $14.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. Finally, Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EXK. Harbor Investment Advisory LLC grew its stake in Endeavour Silver by 166.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,000 shares of the mining company’s stock valued at $33,000 after acquiring an additional 2,500 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Endeavour Silver by 389.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Endeavour Silver during the 4th quarter valued at about $47,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Endeavour Silver during the 1st quarter valued at about $55,000. Finally, Greenberg Financial Group acquired a new stake in shares of Endeavour Silver in the fourth quarter worth $94,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Trading Up 2.8%

Endeavour Silver stock opened at $7.73 on Thursday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 36.83 and a beta of 1.33. Endeavour Silver has a 1 year low of $5.02 and a 1 year high of $15.15. The firm’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $9.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.65 and a current ratio of 1.97.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. On average, research analysts predict that Endeavour Silver will post 0.7 EPS for the current fiscal year.

About Endeavour Silver

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.