StockNews.com Downgrades Endeavour Silver (NYSE:EXK) to Sell

Endeavour Silver (NYSE:EXK – Get Rating) (TSE:EDR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Endeavour Silver from C$7.50 to C$6.50 in a report on Friday. BMO Capital Markets reduced their target price on shares of Endeavour Silver from C$6.00 to C$5.25 in a report on Thursday, May 12th. HC Wainwright raised their target price on shares of Endeavour Silver from $8.50 to $8.75 and gave the stock a “buy” rating in a report on Tuesday, April 12th. B. Riley raised their target price on shares of Endeavour Silver from $6.00 to $8.00 in a report on Monday, March 28th. Finally, TD Securities reduced their target price on shares of Endeavour Silver from C$7.00 to C$5.50 in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.59.

NYSE EXK opened at $3.72 on Tuesday. The company has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.35. The stock has a market cap of $673.50 million, a P/E ratio of 46.51 and a beta of 1.40. Endeavour Silver has a 12-month low of $3.06 and a 12-month high of $7.76. The company has a current ratio of 5.14, a quick ratio of 4.53 and a debt-to-equity ratio of 0.03.

Endeavour Silver (NYSE:EXK – Get Rating) (TSE:EDR) last posted its quarterly earnings results on Wednesday, May 11th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $57.74 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.03) earnings per share. As a group, sell-side analysts forecast that Endeavour Silver will post 0.16 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in Endeavour Silver in the first quarter valued at $35,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $42,000. Raymond James & Associates acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $43,000. Royal Bank of Canada grew its position in shares of Endeavour Silver by 49.1% in the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock valued at $43,000 after purchasing an additional 2,971 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Endeavour Silver in the fourth quarter valued at about $48,000. 23.67% of the stock is owned by institutional investors.

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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