Endeavour Silver (NYSE:EXK) Receives “Buy” Rating from HC Wainwright

Endeavour Silver (NYSE:EXK) (TSE:EDR)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued on Thursday,Benzinga reports. They currently have a $7.25 price objective on the mining company’s stock. HC Wainwright’s price objective would suggest a potential upside of 84.24% from the company’s current price.

EXK has been the subject of a number of other reports. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. TD Securities raised Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They set an “outperform” rating on the stock. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $3.94 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of -30.27 and a beta of 1.47. Endeavour Silver has a one year low of $2.42 and a one year high of $5.67. The stock’s 50 day moving average price is $4.05 and its 200 day moving average price is $4.15. 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 (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. As a group, sell-side analysts expect that Endeavour Silver will post -0.07 EPS for the current fiscal year.

Institutional Trading of Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Endeavour Silver by 1,730,033.3% in the 3rd quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after acquiring an additional 51,901 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Endeavour Silver by 28.3% in the fourth quarter. HighTower Advisors LLC now owns 157,201 shares of the mining company’s stock worth $575,000 after purchasing an additional 34,700 shares during the period. Sprott Inc. increased its stake in Endeavour Silver by 23.1% during the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after purchasing an additional 298,091 shares during the last quarter. American Century Companies Inc. increased its stake in Endeavour Silver by 268.9% during the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after purchasing an additional 1,937,150 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after purchasing an additional 10,543 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

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.