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

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.63.

Several brokerages recently weighed in on EXK. TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research report on Monday, March 10th. Raymond James initiated coverage on Endeavour Silver in a report on Friday, March 21st. They set an “outperform” rating for the company. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. HC Wainwright reaffirmed a “buy” rating and set a $7.25 target price on shares of Endeavour Silver in a research note on Thursday. Finally, Alliance Global Partners reissued a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th.

Endeavour Silver Trading Up 5.5 %

Shares of EXK opened at $3.94 on Friday. Endeavour Silver has a 12-month low of $2.42 and a 12-month high of $5.67. The firm has a market capitalization of $1.08 billion, a P/E ratio of -30.27 and a beta of 1.47. The firm has a 50-day moving average price of $4.05 and a 200 day moving average price of $4.15. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $42.20 million during 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%. Sell-side analysts forecast that Endeavour Silver will post -0.07 EPS for the current year.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its position in shares of Endeavour Silver by 52.9% during the fourth quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company’s stock worth $40,914,000 after purchasing an additional 3,869,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after buying an additional 3,581,936 shares during the period. Millennium Management LLC acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $7,930,000. American Century Companies Inc. boosted its position in Endeavour Silver by 268.9% in the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock valued at $9,728,000 after buying an additional 1,937,150 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Endeavour Silver by 529.5% in the fourth quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company’s stock worth $7,747,000 after acquiring an additional 1,780,405 shares in the last quarter. 20.06% of the stock is owned by institutional investors and hedge funds.

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.