Endeavour Silver’s (EXK) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research report sent to investors on Monday morning,Benzinga reports. HC Wainwright currently has a $7.25 price objective on the mining company’s stock.

EXK has been the topic of a number of other reports. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. TD Securities assumed coverage on shares of Endeavour Silver in a report on Friday. They set a “buy” rating for the company. Alliance Global Partners lifted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver presently has an average rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Trading Down 3.0 %

NYSE:EXK opened at $4.09 on Monday. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -31.42 and a beta of 1.67. The business’s 50-day simple moving average is $4.57 and its 200 day simple moving average is $3.99.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. As a group, sell-side analysts predict that Endeavour Silver will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of Endeavour Silver by 2.7% during the third quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after purchasing an additional 658,215 shares during the last quarter. TD Asset Management Inc acquired a new position in Endeavour Silver during the 2nd quarter worth $9,452,000. National Bank of Canada FI boosted its position in Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock valued at $1,788,000 after buying an additional 15,075 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at $1,382,000. Finally, Quest Partners LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at $964,000. Institutional investors own 20.06% of the company’s stock.

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 Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.