Endeavour Silver Corp. (NYSE:EXK) Receives Average Recommendation of “Moderate Buy” from Analysts

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.31.

A number of analysts have weighed in on the company. HC Wainwright reduced their price target on Endeavour Silver from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. CIBC boosted their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Alliance Global Partners boosted their price target on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Tuesday.

Hedge Funds Weigh In On Endeavour Silver

Large investors have recently made changes to their positions in the business. American Century Companies Inc. bought a new position in Endeavour Silver during the second quarter valued at about $589,000. National Bank of Canada FI increased its stake in Endeavour Silver by 5,735.0% during the second quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after acquiring an additional 431,274 shares during the period. Jupiter Asset Management Ltd. increased its stake in Endeavour Silver by 60.1% during the first quarter. Jupiter Asset Management Ltd. now owns 10,781,056 shares of the mining company’s stock valued at $25,972,000 after acquiring an additional 4,046,065 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Endeavour Silver by 3.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,349,514 shares of the mining company’s stock valued at $12,892,000 after acquiring an additional 188,787 shares during the period. Finally, U S Global Investors Inc. bought a new position in Endeavour Silver during the third quarter valued at about $1,382,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Endeavour Silver Price Performance

EXK opened at $5.46 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -273.00 and a beta of 1.71. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.64. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $3.80 and a 200 day moving average price of $3.63.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $62.01 million. During the same period in the previous year, the business posted $0.01 EPS. Endeavour Silver’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts forecast that Endeavour Silver will post 0.04 EPS for the current fiscal year.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.