StockNews.com Upgrades Endeavour Silver (NYSE:EXK) to Sell

Endeavour Silver (NYSE:EXK) (TSE:EDR) was upgraded by analysts at StockNews.com to a “sell” rating in a research note issued on Wednesday.

A number of other research analysts also recently weighed in on EXK. CIBC upped their price target on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Alliance Global Partners boosted their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, HC Wainwright increased their target price on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Endeavour Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Endeavour Silver Trading Up 1.7 %

Shares of EXK stock opened at $4.80 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. Endeavour Silver has a fifty-two week low of $1.42 and a fifty-two week high of $5.67. The company has a market cap of $1.18 billion, a PE ratio of -68.56 and a beta of 1.67. The stock’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $3.79.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 6.53% and a negative return on equity of 1.25%. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same quarter last year, the business earned ($0.04) EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts predict that Endeavour Silver will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in Endeavour Silver in the third quarter valued at approximately $964,000. Van ECK Associates Corp raised its position in shares of Endeavour Silver by 2.7% during the 3rd quarter. Van ECK Associates Corp now owns 25,125,455 shares of the mining company’s stock valued at $98,994,000 after buying an additional 658,215 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of Endeavour Silver during the 3rd quarter worth $1,382,000. Blue Trust Inc. grew its position in Endeavour Silver by 139.6% in the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after acquiring an additional 8,389 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in Endeavour Silver by 53.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock valued at $416,000 after acquiring an additional 41,300 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

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.