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

HC Wainwright restated their buy rating on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $7.25 target price on the mining company’s stock.

Other analysts also recently issued reports about the company. Raymond James began coverage on Endeavour Silver in a research report on Friday, March 21st. They set an “outperform” rating for the company. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Down 2.5%

Endeavour Silver stock opened at $3.26 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Endeavour Silver has a 12-month low of $2.46 and a 12-month high of $5.67. The firm has a 50 day moving average of $3.87 and a 200 day moving average of $3.98. The firm has a market capitalization of $896.64 million, a price-to-earnings ratio of -25.04 and a beta of 1.50.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $83.10 million. As a group, research analysts predict that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after buying an additional 747,556 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Endeavour Silver in the 1st quarter valued at $100,000. Millennium Management LLC raised its stake in Endeavour Silver by 13.3% in the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock valued at $10,483,000 after purchasing an additional 289,096 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Endeavour Silver by 11.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,622,735 shares of the mining company’s stock valued at $28,279,000 after purchasing an additional 680,802 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in Endeavour Silver by 22.6% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 306,848 shares of the mining company’s stock valued at $1,310,000 after purchasing an additional 56,636 shares during the last quarter. Hedge funds and other 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.