Endeavour Silver (NYSE:EXK) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) to a hold rating in a research note issued to investors on Monday morning.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Endeavour Silver from a buy rating to a hold rating in a research note on Tuesday, January 25th. TD Securities lowered their price target on shares of Endeavour Silver from C$7.00 to C$5.50 in a report on Thursday, May 12th. B. Riley upped their price target on shares of Endeavour Silver from $6.00 to $8.00 in a research report on Monday, March 28th. HC Wainwright boosted their price objective on shares of Endeavour Silver from $8.50 to $8.75 and gave the company a buy rating in a research note on Tuesday, April 12th. Finally, BMO Capital Markets lowered their price target on shares of Endeavour Silver from C$6.00 to C$5.25 in a research note on Thursday, May 12th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $6.60.

Shares of EXK traded up $0.01 during mid-day trading on Monday, hitting $3.60. The company’s stock had a trading volume of 2,518,461 shares, compared to its average volume of 3,785,595. Endeavour Silver has a 52-week low of $3.06 and a 52-week high of $7.76. The company’s 50-day moving average is $4.39 and its 200-day moving average is $4.42. The company has a current ratio of 5.14, a quick ratio of 4.53 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $650.02 million, a price-to-earnings ratio of 45.01 and a beta of 1.40.

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) last released its quarterly earnings data on Wednesday, May 11th. The mining company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $57.74 million for the quarter, compared to analyst estimates of $53.21 million. Endeavour Silver had a net margin of 7.09% and a return on equity of 2.99%. During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, sell-side analysts predict that Endeavour Silver will post 0.19 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. purchased a new position in Endeavour Silver in the 1st quarter worth about $35,000. Sequoia Financial Advisors LLC purchased a new position in Endeavour Silver in the 4th quarter worth about $42,000. Raymond James & Associates purchased a new position in Endeavour Silver in the 4th quarter worth about $43,000. Royal Bank of Canada boosted its position in Endeavour Silver by 49.1% during the 1st quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock worth $43,000 after acquiring an additional 2,971 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Endeavour Silver during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 23.67% of the company’s stock.

About Endeavour Silver (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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Analyst Recommendations for Endeavour Silver (NYSE:EXK)

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