Endeavour Silver Corp. (NYSE:EXK) Receives $6.63 Average Target Price from Brokerages

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.63.

Several analysts have commented on EXK shares. TD Securities began coverage on shares of Endeavour Silver in a report on Friday, November 29th. They issued a “buy” rating for the company. Alliance Global Partners raised their target price on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Monday, December 2nd.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $4.30 on Friday. The business has a 50 day moving average of $4.59 and a 200 day moving average of $4.00. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.67. The company has a market cap of $1.13 billion, a PE ratio of -33.08 and a beta of 1.62. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. As a group, equities research analysts forecast that Endeavour Silver will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently modified their holdings of EXK. Van ECK Associates Corp grew its position in Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after purchasing an additional 13,657,121 shares during the period. TD Asset Management Inc bought a new position in shares of Endeavour Silver in the second quarter worth approximately $9,452,000. National Bank of Canada FI increased its stake in Endeavour Silver by 5,735.0% in the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock worth $1,522,000 after buying an additional 431,274 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Endeavour Silver during the third quarter worth about $1,382,000. Finally, Quest Partners LLC purchased a new stake in Endeavour Silver during the 3rd quarter valued at approximately $964,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

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.