Endeavour Silver (NYSE:EXK) Upgraded at Zacks Research

Zacks Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other research firms also recently commented on EXK. HC Wainwright boosted their target price on Endeavour Silver from $8.75 to $9.75 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. CIBC boosted their target price on Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Finally, National Bankshares restated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and an average target price of $9.88.

Endeavour Silver Trading Down 0.8%

Shares of EXK stock opened at $8.03 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -29.72 and a beta of 1.29. Endeavour Silver has a 12-month low of $2.95 and a 12-month high of $10.37. The stock’s 50-day moving average price is $6.99 and its 200-day moving average price is $5.32.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Wednesday, August 13th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $81.48 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%. Equities research analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds have recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its position in Endeavour Silver by 2.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company’s stock valued at $51,916,000 after acquiring an additional 223,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Endeavour Silver by 19.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock worth $38,852,000 after purchasing an additional 1,274,094 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Endeavour Silver by 13.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock worth $26,895,000 after purchasing an additional 643,641 shares in the last quarter. TD Asset Management Inc grew its stake in Endeavour Silver by 19.9% in the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after purchasing an additional 740,046 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Endeavour Silver by 56.0% in the first quarter. Invesco Ltd. now owns 3,301,752 shares of the mining company’s stock worth $14,098,000 after purchasing an additional 1,185,100 shares in the last quarter. 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.