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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.50.

A number of brokerages recently commented on EXK. BMO Capital Markets restated an “outperform” rating on shares of Endeavour Silver in a research report on Monday, January 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. HC Wainwright increased their target price on Endeavour Silver from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Raymond James Financial reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, January 14th. Finally, Zacks Research downgraded Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Total Investment Management Inc. purchased a new position in shares of Endeavour Silver in the 2nd quarter valued at about $41,000. Caitong International Asset Management Co. Ltd boosted its holdings in Endeavour Silver by 389.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares in the last quarter. Signaturefd LLC acquired a new position in Endeavour Silver during the fourth quarter worth about $47,000. Andina Capital Management LLC acquired a new position in Endeavour Silver during the third quarter worth about $89,000. Finally, Swiss Life Asset Management Ltd purchased a new position in Endeavour Silver in the third quarter valued at about $92,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Stock Performance

Shares of EXK opened at $8.55 on Friday. The stock has a market capitalization of $2.53 billion, a P/E ratio of -20.35 and a beta of 1.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.30 and a current ratio of 1.53. Endeavour Silver has a 1 year low of $2.95 and a 1 year high of $15.15. The company’s fifty day moving average is $11.62 and its two-hundred day moving average is $9.53.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. The firm had revenue of $172.60 million during the quarter, compared to analysts’ expectations of $227.99 million. On average, sell-side analysts predict that Endeavour Silver will post -0.07 earnings per share for the current year.

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.