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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a buy rating and five have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.1250.

A number of equities analysts recently weighed in on EXK shares. HC Wainwright restated a “buy” rating and set a $14.50 target price (up from $11.00) on shares of Endeavour Silver in a report on Friday. Natl Bk Canada upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Tuesday, December 9th. Industrial Alliance Securities set a $11.00 target price on shares of Endeavour Silver in a research note on Friday. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Wednesday, October 8th.

Endeavour Silver Price Performance

NYSE:EXK opened at $10.63 on Friday. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $10.89. The company has a market cap of $3.14 billion, a P/E ratio of -31.25 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The stock’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $7.26.

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 the consensus estimate of $0.05 by ($0.06). The company had revenue of $111.40 million for 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, sell-side analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 valued at $85,474,000 after purchasing an additional 3,005,563 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake 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 buying an additional 223,457 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Endeavour Silver by 13.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company’s stock valued at $26,895,000 after acquiring an additional 643,641 shares during the period. Alps Advisors Inc. lifted its position in Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company’s stock worth $34,965,000 after acquiring an additional 2,374,365 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Endeavour Silver by 19.9% during the second quarter. TD Asset Management Inc now owns 4,458,979 shares of the mining company’s stock worth $21,927,000 after acquiring an additional 740,046 shares during the period. 20.06% of the stock is owned by institutional investors.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.