Endeavour Silver Corp. (NYSE:EXK) Given Average Rating of “Buy” by Analysts

Shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) have received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.56.

A number of research firms have recently weighed in on EXK. HC Wainwright dropped their price objective on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Alliance Global Partners increased their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, TD Securities began coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Endeavour Silver

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Endeavour Silver by 2.7% during the third 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 during the period. U S Global Investors Inc. bought a new stake in Endeavour Silver during the 3rd quarter valued at approximately $1,382,000. Quest Partners LLC purchased a new position in shares of Endeavour Silver during the 3rd quarter worth approximately $964,000. American Century Companies Inc. bought a new position in shares of Endeavour Silver in the 2nd quarter worth approximately $589,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Endeavour Silver in the 2nd quarter valued at approximately $314,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Endeavour Silver Price Performance

Shares of Endeavour Silver stock opened at $4.04 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67. The company has a fifty day moving average of $3.85 and a 200-day moving average of $3.97. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -31.04 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released 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 firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Equities research analysts expect that Endeavour Silver will post -0.07 EPS for the current year.

Endeavour Silver Company Profile

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.