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

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.8750.

Several equities analysts have issued reports on the company. HC Wainwright reiterated a “buy” rating and set a $14.50 target price (up from $11.00) on shares of Endeavour Silver in a research report on Friday, January 9th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a research note on Monday, January 19th.

Endeavour Silver Price Performance

Shares of EXK opened at $13.90 on Monday. The firm has a 50-day simple moving average of $11.53 and a 200-day simple moving average of $8.98. Endeavour Silver has a fifty-two week low of $2.95 and a fifty-two week high of $15.15. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -33.10 and a beta of 1.16. 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 (NYSE:EXK) (TSE:EDR) last released its quarterly earnings results on Friday, February 27th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $172.60 million for the quarter, compared to analysts’ expectations of $227.99 million. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 27.52%. On average, equities research analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Total Investment Management Inc. purchased a new position in shares of Endeavour Silver in the 2nd quarter valued at $41,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Endeavour Silver in the 4th quarter worth approximately $47,000. Centric Wealth Management bought a new stake in shares of Endeavour Silver in the 2nd quarter valued at approximately $60,000. Finally, Andina Capital Management LLC acquired a new stake in shares of Endeavour Silver during the 3rd quarter valued at approximately $89,000. Hedge funds and other 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.