Endeavour Silver (NYSE:EXK) Upgraded at Zacks Research

Zacks Research upgraded shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on EXK. B. Riley lifted their price target on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday. Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research report on Friday, October 10th. Natl Bk Canada raised Endeavour Silver to a “strong-buy” rating in a research note on Tuesday, December 9th. Cibc Captl Mkts raised Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Industrial Alliance Securities set a $11.00 price objective on Endeavour Silver in a report on Friday, January 9th. Five equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $13.88.

Endeavour Silver Stock Up 0.3%

NYSE EXK opened at $11.20 on Monday. The stock’s 50 day moving average is $9.02 and its 200 day moving average is $7.40. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23. Endeavour Silver has a 12 month low of $2.95 and a 12 month high of $11.70. The stock has a market cap of $3.31 billion, a PE ratio of -32.93 and a beta of 1.23.

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

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors have recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in Endeavour Silver in the 2nd quarter worth about $29,000. Total Investment Management Inc. bought a new position in shares of Endeavour Silver during the second quarter valued at approximately $41,000. Centric Wealth Management bought a new position in shares of Endeavour Silver during the second quarter valued at approximately $60,000. Andina Capital Management LLC purchased a new stake in shares of Endeavour Silver in the third quarter worth approximately $89,000. Finally, Swiss Life Asset Management Ltd bought a new stake in shares of Endeavour Silver during the 3rd quarter worth approximately $92,000. Institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

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.