Brokerages Set Endeavour Silver Corp. (NYSE:EXK) PT at $6.63

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.63.

Several equities research analysts recently issued reports on the company. Alliance Global Partners increased 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. HC Wainwright restated a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a report on Wednesday, December 18th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Finally, TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc bought a new position in shares of Endeavour Silver in the 2nd quarter valued at approximately $9,452,000. Van ECK Associates Corp grew its holdings in 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. National Bank of Canada FI raised its position in shares of Endeavour Silver by 5,735.0% in the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the period. U S Global Investors Inc. acquired a new stake in shares of Endeavour Silver in the third quarter worth $1,382,000. Finally, Quest Partners LLC bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $964,000. 20.06% of the stock is currently owned by institutional investors.

Endeavour Silver Stock Performance

Shares of EXK opened at $3.88 on Wednesday. Endeavour Silver has a one year low of $1.42 and a one year high of $5.67. The company has a 50-day moving average of $4.30 and a two-hundred day moving average of $4.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -29.85 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. On average, equities research analysts expect that Endeavour Silver will post -0.08 earnings per share for the current 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 Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.