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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.63.

Several brokerages have recently issued reports on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a report on Wednesday, March 12th. HC Wainwright increased their price objective on Endeavour Silver from $7.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, March 12th. Finally, TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th.

Endeavour Silver Stock Down 0.1 %

Shares of EXK opened at $4.92 on Monday. Endeavour Silver has a one year low of $2.02 and a one year high of $5.67. The company has a market cap of $1.29 billion, a P/E ratio of -37.81 and a beta of 1.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $3.93 and a two-hundred day simple moving average of $4.08.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Research analysts forecast that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

A number of institutional investors have recently bought and sold shares of EXK. Schroder Investment Management Group bought a new stake in Endeavour Silver during the fourth quarter valued at $36,000. Alpha Cubed Investments LLC bought a new stake in Endeavour Silver during the fourth quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Endeavour Silver during the fourth quarter valued at $43,000. Farringdon Capital Ltd. bought a new stake in Endeavour Silver during the fourth quarter valued at $55,000. Finally, Oxford Asset Management LLP bought a new stake in Endeavour Silver during the fourth quarter valued at $57,000. 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.