Endeavour Silver Corporation (NYSE:EXK) Given Consensus Rating of “Buy” by Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.6667.

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. CIBC raised Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price on the stock in a report on Monday, November 3rd. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd.

Endeavour Silver Stock Performance

Shares of NYSE:EXK opened at $7.20 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. The business’s fifty day moving average price is $7.81 and its two-hundred day moving average price is $5.96. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $10.37. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -26.67 and a beta of 1.27.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $111.40 million during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. As a group, analysts predict that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXK. Vanguard Group Inc. grew its stake in shares of Endeavour Silver by 1,631.7% during the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after purchasing an additional 4,056,768 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company’s stock worth $85,474,000 after buying an additional 3,005,563 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Endeavour Silver in the 3rd quarter valued at $20,225,000. Alps Advisors Inc. boosted its position in Endeavour Silver by 113.9% in the 3rd quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock valued at $34,965,000 after buying an additional 2,374,365 shares during the last quarter. Finally, Condire Management LP increased its stake in shares of Endeavour Silver by 200.0% in the 3rd quarter. Condire Management LP now owns 3,000,000 shares of the mining company’s stock valued at $23,520,000 after buying an additional 2,000,000 shares during the period. Institutional investors and hedge funds 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.