Natl Bk Canada Upgrades Endeavour Silver (NYSE:EXK) to “Strong-Buy”

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by stock analysts at Natl Bk Canada to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on EXK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a report on Friday, October 10th. Cibc Captl Mkts raised shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. B. Riley boosted their target price on shares of Endeavour Silver from $7.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Five investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.67.

Endeavour Silver Trading Up 2.2%

NYSE:EXK opened at $9.06 on Tuesday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -26.63 and a beta of 1.32. Endeavour Silver has a 52 week low of $2.95 and a 52 week high of $10.37. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $8.21 and a 200 day moving average of $6.46.

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

Institutional Trading of Endeavour Silver

Several large investors have recently made changes to their positions in the business. ORG Partners LLC acquired a new stake in shares of Endeavour Silver in the second quarter worth $29,000. Total Investment Management Inc. purchased a new stake in Endeavour Silver in the second quarter valued at $41,000. Centric Wealth Management acquired a new stake in Endeavour Silver during the 2nd quarter worth about $60,000. Andina Capital Management LLC acquired a new stake in Endeavour Silver during the 3rd quarter worth about $89,000. Finally, Swiss Life Asset Management Ltd purchased a new position in shares of Endeavour Silver during the 3rd quarter valued at about $92,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.