Endeavour Silver (NYSE:EXK) Research Coverage Started at TD Securities

TD Securities began coverage on shares of Endeavour Silver (NYSE:EXK) (TSE:EDR) in a report issued on Friday morning. The firm issued a buy rating on the mining company’s stock.

Other equities research analysts have also recently issued reports about the company. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. HC Wainwright increased their target price on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Alliance Global Partners raised their target price on Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

NYSE EXK opened at $4.21 on Friday. 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 market cap of $1.04 billion, a price-to-earnings ratio of -32.38 and a beta of 1.67. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The company has a fifty day moving average price of $4.56 and a 200-day moving average price of $3.99.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced 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. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $53.40 million for the quarter, compared to analyst estimates of $54.91 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that Endeavour Silver will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock valued at $187,000 after buying an additional 6,800 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Endeavour Silver by 139.6% during the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after purchasing an additional 8,389 shares during the last quarter. Rathbones Group PLC raised its position in Endeavour Silver by 58.8% in the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after purchasing an additional 8,500 shares during the period. Geode Capital Management LLC boosted its position in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after buying an additional 10,543 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Endeavour Silver in the second quarter worth about $42,000. 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.