Endeavour Silver Corporation (NYSE:EXK) Receives $8.33 Consensus Price Target from Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $8.33.

A number of equities research analysts have issued reports on the company. CIBC increased their price target on Endeavour Silver from $7.25 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. HC Wainwright raised their target price on Endeavour Silver from $7.25 to $8.75 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. National Bankshares reissued an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Finally, National Bank Financial raised Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th.

Institutional Trading of Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in Endeavour Silver in the 2nd quarter valued at approximately $29,000. Schroder Investment Management Group acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $43,000. Farringdon Capital Ltd. acquired a new position in shares of Endeavour Silver during the 4th quarter valued at $55,000. Finally, Hohimer Wealth Management LLC increased its position in shares of Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock valued at $56,000 after purchasing an additional 2,915 shares during the period. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Endeavour Silver Stock Up 3.2%

NYSE EXK opened at $5.67 on Friday. The business has a fifty day moving average price of $4.52 and a 200 day moving average price of $4.10. Endeavour Silver has a one year low of $2.46 and a one year high of $6.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.14. The company has a market cap of $1.64 billion, a P/E ratio of -21.79 and a beta of 1.50.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). The company had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $83.10 million. Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. Research analysts anticipate that Endeavour Silver will post -0.07 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 Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.