Brokerages Set Endeavour Silver Corp. (NYSE:EXK) PT at $6.63

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.63.

Several research firms recently weighed in on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. TD Securities assumed coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating for the company. HC Wainwright reaffirmed a “buy” rating and issued a $7.25 target price on shares of Endeavour Silver in a research report on Wednesday, December 18th. Alliance Global Partners lifted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th.

Endeavour Silver Stock Performance

Shares of NYSE EXK opened at $3.88 on Wednesday. Endeavour Silver has a 12 month low of $1.42 and a 12 month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.02 billion, a P/E ratio of -29.85 and a beta of 1.64. The business’s 50 day moving average is $4.30 and its two-hundred day moving average is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the prior year, the company earned ($0.04) EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Endeavour Silver will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Endeavour Silver by 44,584.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,897 shares of the mining company’s stock worth $151,000 after buying an additional 42,801 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Endeavour Silver during the second quarter worth $87,000. TD Asset Management Inc bought a new stake in Endeavour Silver in the second quarter valued at about $9,452,000. Hohimer Wealth Management LLC acquired a new position in Endeavour Silver in the second quarter valued at about $42,000. Finally, National Bank of Canada FI grew its position in shares of Endeavour Silver by 5,735.0% during 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 during the period. Institutional investors and hedge funds 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.