Endeavour Silver Corporation (NYSE:EXK) Receives Average Rating of “Buy” from Brokerages

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) has earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and five have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.8750.

A number of analysts have issued reports on the company. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th. Industrial Alliance Securities set a $11.00 price objective on Endeavour Silver in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Endeavour Silver in a report on Wednesday, January 21st. Finally, B. Riley lifted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Endeavour Silver by 13.3% in the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock worth $10,483,000 after acquiring an additional 289,096 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Endeavour Silver during the 1st quarter valued at $100,000. Goldman Sachs Group Inc. lifted its holdings in Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after purchasing an additional 747,556 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Endeavour Silver by 162.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company’s stock worth $2,252,000 after purchasing an additional 326,508 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Endeavour Silver by 583.3% in the 2nd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 165,020 shares of the mining company’s stock worth $812,000 after purchasing an additional 140,870 shares during the period. Institutional investors own 20.06% of the company’s stock.

Endeavour Silver Stock Performance

NYSE EXK opened at $11.90 on Thursday. The company has a market capitalization of $3.52 billion, a PE ratio of -35.00 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. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $15.15. The company has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $8.15.

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