Endeavour Silver (NYSE:EXK) Cut to “Strong Sell” at Zacks Research

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

EXK has been the topic of a number of other research reports. B. Riley upped their price target on Endeavour Silver from $7.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. CIBC upgraded 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. Wall Street Zen raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Tuesday. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Five investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $12.67.

Endeavour Silver Trading Up 2.2%

EXK opened at $9.06 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.79 and a quick ratio of 0.57. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $10.37. The company’s 50 day moving average price is $8.21 and its two-hundred day moving average price is $6.46. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -26.63 and a beta of 1.32.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings results on Friday, November 7th. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The business had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%. As a group, research analysts predict that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Trading of Endeavour Silver

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