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

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a buy rating and five have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.6667.

A number of equities research analysts have recently commented on the stock. CIBC raised shares of Endeavour Silver from a “neutral” rating to a “sector outperform” rating and set a $16.00 target price for the company in a report on Monday, November 3rd. HC Wainwright restated a “buy” rating and issued a $11.00 price target on shares of Endeavour Silver in a research report on Tuesday, November 25th. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research report on Tuesday, December 9th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th.

Institutional Trading of Endeavour Silver

Several hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in shares of Endeavour Silver during the third quarter worth about $14,146,000. Swiss Life Asset Management Ltd purchased a new stake in Endeavour Silver in the 3rd quarter valued at approximately $92,000. Parvin Asset Management LLC raised its stake in shares of Endeavour Silver by 82.1% during the 3rd quarter. Parvin Asset Management LLC now owns 322,125 shares of the mining company’s stock worth $2,525,000 after buying an additional 145,275 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $12,754,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Endeavour Silver in the 3rd quarter valued at approximately $1,727,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Price Performance

EXK stock opened at $9.32 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.75 billion, a P/E ratio of -27.42 and a beta of 1.32. The business has a 50 day simple moving average of $8.32 and a 200-day simple moving average of $6.64. Endeavour Silver has a twelve month low of $2.95 and a twelve month high of $10.37.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its 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 during the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative net margin of 31.18% and a negative return on equity of 1.34%. As a group, equities analysts anticipate that Endeavour Silver will post -0.07 EPS for the current year.

About Endeavour Silver

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.