TD Securities Trims Endeavour Silver (NYSE:EXK) Target Price to C$5.50

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) had its price target reduced by equities research analysts at TD Securities from C$7.00 to C$5.50 in a research report issued to clients and investors on Thursday, The Fly reports.

Other equities analysts also recently issued reports about the stock. HC Wainwright raised their price target on shares of Endeavour Silver from $8.50 to $8.75 and gave the stock a “buy” rating in a research note on Tuesday, April 12th. BMO Capital Markets raised their price target on shares of Endeavour Silver from C$5.75 to C$6.00 in a research note on Tuesday, April 12th. B. Riley raised their price target on shares of Endeavour Silver from $6.00 to $8.00 in a research note on Monday, March 28th. Zacks Investment Research downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. Finally, StockNews.com assumed coverage on shares of Endeavour Silver in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.60.

EXK opened at $3.51 on Thursday. The company has a quick ratio of 3.31, a current ratio of 3.99 and a debt-to-equity ratio of 0.03. The company has a market cap of $633.77 million, a price-to-earnings ratio of 43.88 and a beta of 1.40. Endeavour Silver has a 52-week low of $3.06 and a 52-week high of $7.76. The firm’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.49.

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) last posted its quarterly earnings data on Wednesday, May 11th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Endeavour Silver had a net margin of 8.44% and a negative return on equity of 3.78%. During the same quarter in the prior year, the business earned ($0.03) EPS. On average, research analysts forecast that Endeavour Silver will post 0.2 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in Endeavour Silver by 6.4% during the first quarter. Van ECK Associates Corp now owns 17,949,105 shares of the mining company’s stock worth $83,463,000 after purchasing an additional 1,085,122 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Endeavour Silver by 10.3% during the first quarter. Jupiter Asset Management Ltd. now owns 5,294,331 shares of the mining company’s stock valued at $24,457,000 after acquiring an additional 493,368 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Endeavour Silver by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,809,722 shares of the mining company’s stock valued at $17,715,000 after acquiring an additional 152,095 shares during the last quarter. Morgan Stanley increased its position in shares of Endeavour Silver by 104.2% during the second quarter. Morgan Stanley now owns 2,124,801 shares of the mining company’s stock valued at $13,002,000 after acquiring an additional 1,084,258 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. increased its position in shares of Endeavour Silver by 0.8% during the third quarter. PCJ Investment Counsel Ltd. now owns 757,920 shares of the mining company’s stock valued at $3,102,000 after acquiring an additional 6,273 shares during the last quarter. Hedge funds and other institutional investors own 23.67% of the company’s stock.

Endeavour Silver Company Profile (Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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