Endeavour Silver Corp. (NYSE:EXK) Receives Average Rating of “Buy” from Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been given a consensus rating of “Buy” by the four brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.07.

A number of equities analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Endeavour Silver in a report on Thursday, August 17th. They set a “sell” rating on the stock. TD Securities cut their target price on Endeavour Silver from C$5.50 to C$5.00 in a research note on Wednesday, August 9th. Finally, HC Wainwright decreased their price target on Endeavour Silver from $8.00 to $7.75 and set a “buy” rating for the company in a research report on Wednesday, August 9th.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently added to or reduced their stakes in EXK. Raymond James Financial Services Advisors Inc. purchased a new stake in Endeavour Silver in the 1st quarter worth approximately $49,000. HighTower Advisors LLC raised its holdings in shares of Endeavour Silver by 225.8% in the 1st quarter. HighTower Advisors LLC now owns 73,588 shares of the mining company’s stock valued at $344,000 after acquiring an additional 51,000 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Endeavour Silver in the 1st quarter valued at about $35,000. Dimensional Fund Advisors LP raised its holdings in shares of Endeavour Silver by 924.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 684,840 shares of the mining company’s stock valued at $3,185,000 after acquiring an additional 618,022 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Endeavour Silver in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Endeavour Silver Stock Performance

Shares of EXK opened at $2.70 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.62 and a quick ratio of 1.98. The stock has a 50-day moving average of $3.05 and a 200-day moving average of $3.29. The company has a market cap of $537.73 million, a PE ratio of 54.01 and a beta of 1.51. Endeavour Silver has a one year low of $2.47 and a one year high of $4.55.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, August 8th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Endeavour Silver had a net margin of 5.22% and a return on equity of 5.22%. The business had revenue of $50.00 million during the quarter, compared to analyst estimates of $53.01 million. During the same period in the previous year, the business posted ($0.02) EPS. On average, equities research analysts predict that Endeavour Silver will post 0.12 EPS for the current fiscal year.

Endeavour Silver Company Profile

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 was formerly known as Endeavour Gold Corp.